Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Which of the following normally has a credit balance	Machinery a/c Purchases a/c Stock a/c Sales a/c
2	A Ledger is a book in which	Only Personal & Cash Accounts are Opened Only Real Accounts are Opened Only Nominal Accounts are Opened All Real, Nominal and Personal Accounts are Opened
3	If the total of the credit side of an account exceeds that of debit side of the same account, it is called	Credit Balance Debit Balance Balancing Zero Balance
4	Contain all residual account	Debtors Ledger Creditors Ledger General Ledger Cash Ledger
5	The Principle book of accounts is	Journal Ledger Trial Balance Balance Sheet

News