| 1 |
Journal is prepared in |
- A. Columnar form
- B. Vertical form
- C. Horizontal form
- D. Row form
|
| 2 |
Left hand side of an account is called |
- A. Debit Side
- B. Credit Side
- C. Both a & b
- D. None of these
|
| 3 |
کسی شے کے مسلسل اور لگاتار استعمال سے مختتم افادہ میں کمی آتی جاتی ہے بشرطیکہ دیگر امور بدستور ہیں اس قانون کو کہتے ہیں |
- A. قانون تقلیل افادہ مختتم
- B. قانون مساوی افادہ مختتم
- C. قانون طلب
- D. قانون تقلیل حاصل
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| 4 |
Written below each entry is the |
- A. Transaction
- B. Voucher no
- C. Narration
- D. Date
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| 5 |
The statement which contains the explanation of different in cash book and bank statement is known as: |
- A. Bank statement
- B. Cash statement
- C. Balance statement
- D. Bank reconciliation statement
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| 6 |
Ledger Records Transaction in a/an |
- A. Chronological Order
- B. Daily order
- C. Arithmetical Order
- D. Analytical Order
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| 7 |
Transaction are recorded data wise, so journal is also called: |
- A. Entry book
- B. Transaction book
- C. Chronological book
- D. Voucher
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| 8 |
The first successful step of Double Entry System is |
- A. Leger
- B. Journal
- C. Final Account
- D. Trial Balance
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| 9 |
Personal account are related to: |
- A. Assets and liabilities
- B. Expenses, losses
- C. Customers, creditors etc.
- D. Incomes
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| 10 |
The Amount of salary paid to Sohail should be debited to |
- A. Sohail's a/c
- B. Cash Account
- C. Salaries a/c
- D. Both a & c
|