| 1 |
Journal is prepared in |
- A. Columnar form
- B. Vertical form
- C. Horizontal form
- D. Row form
|
| 2 |
A table lost by fire should be debited to |
- A. Table a/c
- B. Furniture a/c
- C. Loss by Fire a/c
- D. Purchases a/c
|
| 3 |
A transaction is recorded on the same days as its takes place, so journal is also called: |
- A. A day book
- B. A history book
- C. An entry book
- D. Ledger book
|
| 4 |
In case of a debt becoming bad, the amount should be credited to |
- A. Debtor's a/c
- B. Bad Debts a/c
- C. Sales a/c
- D. cash a/c
|
| 5 |
Left hand side of an account is called |
- A. Debit Side
- B. Credit Side
- C. Both a & b
- D. None of these
|
| 6 |
The book use to record all credit purchases is called: |
- A. Purchases book
- B. Purchase return book
- C. Cash book
- D. Creditor book
|
| 7 |
Salary outstanding account relevant to: |
- A. Representative personal account
- B. Artificial person's account
- C. Natural persons account
- D. Nominal accounts
|
| 8 |
Contain all residual account |
- A. Debtors Ledger
- B. Creditors Ledger
- C. General Ledger
- D. Cash Ledger
|
| 9 |
A schedule of balances of all accounts is called |
- A. Journal
- B. Ledger
- C. Balance Sheet
- D. Trial Balance
|
| 10 |
The first successful step of Double Entry System is |
- A. Leger
- B. Journal
- C. Final Account
- D. Trial Balance
|