Practice Test


Q1) Which account is the odd one out Show Answer


Q2) The debts written off as bad, if recovered subsequently are Show Answer


Q3) Bill payable account Show Answer


Q4) Rent account Show Answer


Q5) Patents account Show Answer


Q6) Salaries Show Answer


Q7) Equipment Show Answer


Q8) Account payable Show Answer


Q9) Membership fees earned Show Answer


Q10) Stock Show Answer


Q11) Accounts receivable Show Answer


Q12) Building Show Answer


Q13) Profits Show Answer


Q14) The process of transferring the debit and credit items from a journal to their respective accounts in the ledger is termed as Show Answer


Q15) The techniques of finding the net balance of an account after considering the total of both debits and credits appearing in the account is known as Show Answer


Q16) Ledger book is popularly known as Show Answer


Q17) At the end of the accounting year all the nominal accounts of the ledger book are Show Answer


Q18) ledger is a book of Show Answer


Q19) the process of transferring the transaction relating to change in a particular item at one place in the form of an account is called Show Answer


Q20) the words 'To Balance b/f, or 'by Balance b/f ' are recorded in the 'Particular Column ' at the time of posting of Show Answer


Q21) the words 'To Balance b/f, or 'by Balance b/f ' are recorded in the 'Particular Column ' at the time of posting of Show Answer


Q22) while balancing an account in case of a debit balance , the words by balance c/d are recorded in the particulars column of an account Show Answer


Q23) The balance of an account is always known by the side which is Show Answer


Q24) while balancing an account the balance of an account is recorded on the side which is Show Answer


Q25) normally the following account are balanced Show Answer


Q26) the following account has a credit balance Show Answer


Q27) the following account are never balanced Show Answer


Q28) which of the following is cash transaction Show Answer


Q29) which of the following is credit transaction Show Answer


Q30) purchase of furniture is Show Answer


Q31) salary account Show Answer


Q32) prepaid salary account Show Answer


Q33) outstanding salary account Show Answer


Q34) Interest received account Show Answer


Q35) Accrued Interest account Show Answer


Q36) interest receivable account Show Answer


Q37) Unaccrued Interest account Show Answer


Q38) interest received in Advance account Show Answer


Q39) Capital account Show Answer


Q40) Drawing account Show Answer


Q41) Bill receivable account Show Answer


Q42) Proprietor's account Show Answer


Q43) personal income tax account Show Answer


Q44) Sales Tax payable account Show Answer


Q45) ICICI bank account Show Answer


Q46) Bank deposit account Show Answer


Q47) Debtor's account Show Answer


Q48) Creditor's account Show Answer


Q49) advance to an employee account Show Answer


Q50) Advance to a supplier account Show Answer


Q51) Advance from a customer account Show Answer


Q52) R's account is Show Answer


Q53) M/S R & sons account Show Answer


Q54) R's capital account Show Answer


Q55) R's drawing account Show Answer


Q56) prepaid salary account Show Answer


Q57) advance salary to S account Show Answer


Q58) Salary payable to S account Show Answer


Q59) Interest receivable from M , (a borrower) account Show Answer


Q60) Interest received in advance from M , (a borrower) account Show Answer


Q61) Goodwill account is Show Answer


Q62) trade marks account Show Answer


Q63) copyright account Show Answer


Q64) technical know how account Show Answer


Q65) Investment in shares of ICICI Bank account Show Answer


Q66) Purchase account Show Answer


Q67) Purchase Return Account Show Answer


Q68) Sales account Show Answer


Q69) Sales Return Account Show Answer


Q70) adjusted purchase account Show Answer


Q71) Discount allowed account Show Answer


Q72) Discount received account Show Answer


Q73) bad debts account Show Answer


Q74) Bad Debts recovered account Show Answer


Q75) provision for doubtful debts account Show Answer


Q76) provision for discount on debtor account Show Answer


Q77) provision for depreciation account Show Answer


Q78) Donation & Charity account Show Answer


Q79) Reserve for discount on creditors Show Answer


Q80) Free sample account Show Answer


Q81) Goods destroyed by fire account Show Answer


Q82) goods misappropriated by an employee account is Show Answer


Q83) cash embezzlement account Show Answer


Q84) account receivable account Show Answer


Q85) cash account Show Answer


Q86) Loan to R account Show Answer


Q87) loan to M account Show Answer


Q88) bank interest account Show Answer


Q89) salary account Show Answer


Q90) outstanding salary account Show Answer


Q91) Interest received account Show Answer


Q92) Interest receivable account Show Answer


Q93) Accrued Interest account Show Answer


Q94) Interest received in Advance account Show Answer


Q95) Capital account Show Answer


Q96) Drawing account Show Answer


Q97) Bill payable account Show Answer


Q98) Bill receivable account Show Answer


Q99) Proprietor's account Show Answer


Q100) Sales Tax payable account Show Answer


Q101) ICICI bank account Show Answer


Q102) Bank deposit account Show Answer


Q103) Debtor's account Show Answer


Q104) Creditor's account Show Answer


Q105) advance to an employee account Show Answer


Q106) Advance to a supplier account Show Answer


Q107) Advance from a customer account Show Answer


Q108) R's account is Show Answer


Q109) Ms/ R & sons account (a customer) Show Answer


Q110) Ms/ R & sons Ltd's account (a customer) Show Answer


Q111) R's capital account Show Answer


Q112) R's drawing account Show Answer


Q113) Prepaid salary account is _________ Show Answer


Q114) Advance salary to S account Show Answer


Q115) Salary payable to S account Show Answer


Q116) Interest receivable from M , a borrower account Show Answer


Q117) Interest received in advance from M , a borrower account Show Answer


Q118) Goodwill account is Show Answer


Q119) Patents account Show Answer


Q120) trade marks account Show Answer


Q121) copyright account Show Answer


Q122) Technical know how account Show Answer


Q123) Investment in shares of ICICI Bank account Show Answer


Q124) purchase account Show Answer


Q125) purchase Return account Show Answer


Q126) sales account Show Answer


Q127) Sales return account Show Answer


Q128) Discount allowed account Show Answer


Q129) Discount received account Show Answer


Q130) Bad debts account Show Answer


Q131) Bad debts recovered account Show Answer


Q132) Provision for doubtful debts account Show Answer


Q133) provision for discount on debtor account Show Answer


Q134) donation & charity account Show Answer


Q135) reserve for discount on creditors Show Answer


Q136) free sample account Show Answer


Q137) Goods destroyed by fire account Show Answer


Q138) Goods misappropriated by an employee account is Show Answer


Q139) Account receivable account Show Answer


Q140) Cash account Show Answer


Q141) loan to R account Show Answer


Q142) Loan to M account Show Answer


Q143) bank interest account Show Answer


Q144) Which of the following is the odd one out ? Show Answer


Q145) Which of the following is the odd one out ? Show Answer


Q146) which of the following is the odd one out ? Show Answer


Q147) which of the following is the odd one out ? Show Answer


Q148) Which of the following is the odd one out ? Show Answer


Q149) which of the following is the odd one out ? Show Answer


Q150) Which of the following is the odd one out ? Show Answer


Q151) Which of the following is the odd one out ? Show Answer


Q152) Which of the following is the odd one out ? Show Answer


Q153) Which of the following is the odd one out ? Show Answer


Q154) Which of the following is the odd one out ? Show Answer


Q155) which of the following is the odd one out ? Show Answer


Q156) A sale of goods to ram should be debited to Show Answer


Q157) Wages paid for installing a second hand machinery should be debited to Show Answer


Q158) In case of debt becoming bad ,the amount should be credited to Show Answer


Q159) Ram whose account was written off as bad, paid subsequently. The amount should be Show Answer


Q160) When the total of debit side of an A/c exceeds credit side, it is called _______ balance.
Show Answer


Q161) Machinery A/c shows _________ balance.
Show Answer


Q162) Recording of an entry from Journal to ledger is called as ________.
Show Answer


Q163) Debtors A/c shows _________ balance.
Show Answer


Q164) Left hand side of an account is called ___________ side.
Show Answer


Q165) ________ is prepared from the balances in ledger account.
Show Answer


Q166) Total of sales book is ________ to sales account.
Show Answer


Q167) Wages A/c is transferred to _________ A/c.
Show Answer


Q168) All entries are posted from journal to _________.
Show Answer


Q169) Carried down (c/d) balance indicates ________ balance.
Show Answer


Q170) ________ gives summarized record of transactions relating to one particular account.
Show Answer


Q171) ____is the principal books of account where similar transactions relating to a particular persons or property or revenue or expense are recorded . Show Answer


Q172) Ledger is the _____ of accounts where similar transactions relating to a particular persons or property or revenue or expense are recorded . Show Answer


Q173) _______is a book of account ,in which all types of accounts relating to assets ,liabilities ,capital ,expenses and revenue are maintained. Show Answer


Q174) Process of recording transaction in ledger is known as _____. Show Answer


Q175) Ledger is book for ___. Show Answer


Q176) Ledger is a book of - Show Answer


Q177) In ledger - Show Answer


Q178) Which of the following types of information are found in subsidiary ledgers, but not in the general ledger? Show Answer


Q179) Real A/c debit balance indicates Show Answer


Q180) Journal and Ledger records transactions in Show Answer