Greetings to fellow blog readers......
51. Bank Account is a … Account :
1. Personal 2. Real
3. Nominal 4. Fictitious
52. Which of the following Account is Real a/c ?
1. Salaries 2. Shares and debentures of companies
3. Debtors account 4. Bank account
53. Insurance un expired account is :
1. Personal a/c 2. Nominal a/c
3. Real a/c 4. Fictitious a/c
54. Provision for doubtful debts account is a … account :
1. Real account 2. Personal account
3. nominal Account 4. None of these
55. Goodwill a/c is a … Account .
1. Real 2. Personal
3. Nominal 4. None of these
56. A club’s account would be a … account .
1. Real 2. Personal
3. Nominal 4. Fictitious
57. A proprietor’s drawing account is a … account
1. Real 2. Personal
3. Nominal 4. Fictitious
58. The rule ‘Debit what comes in and credit what goes out’ is applicable to :
1. Real accounts 2. Personal accounts
3. Nominal accounts 4. Fictitious accounts
59. Purchases account is a … account
1. Real 2. Nominal
3. Personal 4. None of these
60. Salary prepaid account is a … account ?
1. Real a/c 2. Personal a/c
3. Nominal a/c 4. Fictitious
61. Sales Return account is a … account ?
1. Real 2. Personal
3. Nominal 4. Fictitious
62. What type of account is a trading account ?
1. Real 2. Personal
3. Nominal 4. None of these
63. Debit means :
1. Decrease in assets 2. Increase in liabilities
3. An entry on the left hand side of an account 4. None of these
64. Purchases book is an example of … Journal :
1. General book 2. Special book
3. Both 1 & 2 4. None of these
65. All loses and expenses are :
1. Credited 2. Debited
3. Both 1 & 2 4. None of these
66. Sales Journal is also called :
1. Day book 2. Invoice book
3. special book 4. None of these
67. Salary paid in advance falls on the side :
1. Debit 2. Credit
3. Both 1 & 2 4. None of these
68. Ledger is a book in which ?
1. Only real accounts are opened
2. Only real and personal accounts are opened
3. All the real, personal & nominal accounts are opened
4. None of these
69. The trial balance shows ?
1. Both debits and credit balance 2. Only debit balance
3. Only credit balance 4. None of these
70. Cash Account always what ?
1. Credit balance 2. Debit balance
3. Both 1 & 2 4. None of these
71. In Book-keeping posting means ?
1. To record the transactions from the Journal to ledger
2. To record the transactions in Journal
3. Both 1 and 2 is correct
4. None of these
72. The basic rule of book-keeping, “debit the receiver and credit the giver” is applicable to :
1. Real account 2. Nominal account
3. personal account 4. None of these
73. The basic rule of book-keeping “ debit the all loses and expenses and credit that all income and gains”
1. Nominal account 2. Real account
3. Personal account 4. None of these
74. The credit balance of bank account indicate :
1. Amount payable by the bank 2. Amount payable to the bank
3. Cash at bank 4. None of these
75. Which of the following accounts will invariably have a debit balance ?
1. Bank Account 2. Accounts receivable account
3. Accounts payable account 4. Loan account
76. Which of the following accounts will invariably have a credit balance ?
1. Discount account 2. Accounts payable account
3. Cash account 4. None of these
ANSWERS
51.1 52.2 53.1 54.3 55.1 56.1 57.2 58.1 59.1 60.2
61.2 62.2 63.3 64.2 65.2 66.1 67.1 68.3 69.1 70.2 71.1 72.3
73.1 74.2 75.2 76.2
No comments:
Post a Comment
Thanks for your commenting............we will get improve with your suggesrions...........