Practice Test

Q1) The debit note issued are used to prepare Show Answer

Q2) A second hand motor car was purchased on credit from B Brothers for Rs. 10,000 Show Answer

Q3) Goods were sold on credit basis to A Brothers for Rs.1,000 Show Answer

Q4) Rectifying the error of a credit purchase of goods worth Rs.10,000 recorded as credit Sale to Mr D, discovered two months later Show Answer

Q5) Credit purchase of stationery worth Rs.10,000 by a stationery dealer Show Answer

Q6) A bill receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs.1,100, is dishonoured Show Answer

Q7) Purchased goods from E worth Rs.5,000 on credit basis Show Answer

Q8) Unpaid salary of Rs.340 is to be provided for in the accounts Show Answer

Q9) A debit note for Rs.2,000 issued to Mr F for goods returned by us is to be accounted for Show Answer

Q10) Goods Outward journal is meant for recording all returns of goods Show Answer

Q11) Which of the following type of information are found in subsidiary ledgers, but not in the general ledger Show Answer

Q12) The total of the purchase day book is posted periodically to the debit of Show Answer

Q13) Purchases day book records Show Answer

Q14) In Purchase Book the records is in respect of Show Answer

Q15) The Sales Return Book records Show Answer

Q16) The Sales Book Show Answer

Q17) The weekly or monthly total of the purchase book is Show Answer

Q18) The total of the Sales book is posted to Show Answer

Q19) Salaries due for this month of March will appear Show Answer

Q20) trade discount received is Show Answer

Q21) Sale of goods by mohan to shan for Rs.1,000 will be recorded in the Show Answer

Q22) A purchase of goods by sohan from mohan for Rs.1,000 will be recorded in the Show Answer

Q23) purchase book is used to record Show Answer

Q24) sales book is used to record Show Answer

Q25) purchase return book is used to record Show Answer

Q26) sales return book is used to record Show Answer

Q27) journal proper is used to record Show Answer

Q28) when the goods are sold to a customer Show Answer

Q29) when the customer returns goods Show Answer

Q30) when the goods are returned to a supplier Show Answer

Q31) purchase book is a part of Show Answer

Q32) sales book is a part of Show Answer

Q33) purchase return book is a part of Show Answer

Q34) sales return book is a part of Show Answer

Q35) bills receivable book is a part of Show Answer

Q36) bills payable book is a part of Show Answer

Q37) journal proper is a part of Show Answer

Q38) total of purchase book is posted to Show Answer

Q39) an individual transaction of purchase book is posted to Show Answer

Q40) total of sale book is posted to Show Answer

Q41) an individual transaction of sales book is posted to Show Answer

Q42) total of return outward book is posted to Show Answer

Q43) an individual transaction of return outward book is posted to Show Answer

Q44) total of return inward book is posted to Show Answer

Q45) an individual transaction of return inward book is posted to Show Answer

Q46) total of journal proper will be debited to Show Answer

Q47) the following is entered in the journal proper Show Answer

Q48) the following is entered in the journal proper Show Answer

Q49) purchase of machinery by Mr.X ,a dealer in machinery for Rs.1,00,000 is recorded in Show Answer

Q50) purchase of machinery by Mr.X ,a dealer in machinery from Mr.Y for Rs.1,00,000 is recorded in Show Answer

Q51) purchase of machinery by Mr.X ,a dealer in stationery from Mr.Y for Rs.1,00,000 is recorded in Show Answer

Q52) sale of machinery by Mr.X ,a dealer in machinery from Mr.Y for Rs.1,20,000 is recorded in Show Answer

Q53) sale of machinery by Mr.X ,a dealer in stationery from Mr.Y for Rs.1,20,000 is recorded in Show Answer

Q54) purchase account in the ledger shows Show Answer

Q55) sales account in the ledger shows Show Answer

Q56) closing entries are recorded in Show Answer

Q57) rectifying entries are recorded in Show Answer

Q58) transfer entries are recorded in Show Answer

Q59) the source document used for recording entries in purchase book is Show Answer

Q60) the source document used for recording entries in sales book is Show Answer

Q61) the source document used for recording entries in purchase return book is Show Answer

Q62) the source document used for recording entries in sales return book is Show Answer

Q63) the invoice are used to prepare Show Answer

Q64) invoice received are source documents for Show Answer

Q65) The debit note received are used to prepare Show Answer

Q66) the credit note received are used to prepare Show Answer

Q67) the word 'To balance b/f' are recorded in the particular column at the time of Show Answer

Q68) returns of goods sold for cash Rs.500 to Ram are recorded Show Answer

Q69) goods sold for cash were returned by a customer but cash was not given immediately .These are recorded in Show Answer

Q70) goods sold for cash were returned by a customer & cash was given immediately .These are recorded in Show Answer

Q71) goods received from manufacturer for distribution among the customer as free samples .these are recorded in Show Answer

Q72) goods brought in by the proprietor as his capital contribution are recorded Show Answer

Q73) on making a promissory note, the maker records in Show Answer

Q74) on receipt of a promissory note the payee records in Show Answer

Q75) A dishonour of a discounted bill receivable is recorded in Show Answer

Q76) a dishonour of a bill receivable (retained) is recorded in Show Answer

Q77) trade discount allowed in recorded in Show Answer

Q78) a second hand bike was purchased on credit from B for Rs. 10,000 is to be recorded Show Answer

Q79) good sold on credit basis to Mr.X for Rs.1,000 are to be recorded in Show Answer

Q80) purchase of goods from E worth Rs.5,000 on credit basis are to be recorded in Show Answer

Q81) credit purchase of stationery worth Rs.1,000 by a stationery dealer is recorded in Show Answer

Q82) A debit note for Rs.1,000 issued to Mr M for goods returned by us is to be accounted for Show Answer

Q83) A bill receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs.1,100, is dishonoured Show Answer

Q84) rectifying entries for the error of a credit purchase of goods worth Rs.10,000 recorded as credit sales to Mr.X discovered two months later is to be passed in Show Answer

Q85) unpaid salary of Rs.1,000 is to be provided for in the accounts Show Answer

Q86) interest accrued for the month of march will be recorded in Show Answer

Q87) goods taken by proprietor for personal use will be recorded Show Answer

Q88) Cash column of cash book can never have ________ balance.
Show Answer

Q89) An entry recorded on both sides of cash book is known as ________ entry.
Show Answer

Q90) The source document for recording in purchase book is _______.
Show Answer

Q91) Credit purchase of machinery is recorded in the _________.
Show Answer

Q92) Sub-division of journal is known as ________ book.
Show Answer

Q93) Additional cash introduced in business is recorded in ________.
Show Answer

Q94) Entry for bad debts is recorded in the ______.
Show Answer

Q95) Direct deposit made by customer into our bank is recorded on the ________ side of the cash book.
Show Answer

Q96) The person who draws the cheque and sign on it is the _______.
Show Answer

Q97) A fixed amount is deposited for a fixed period in _________ deposit account.
Show Answer

Q98) ________ instrument is used to deposits cash or cheque into the bank
Show Answer

Q99) Two parallel line drawn on the face of the cheque is called as _______.
Show Answer

Q100) The sub -division of journal into various subsidiary journals in which transactions of similar nature are recorded are called _____ Show Answer

Q101) Which of the following is /are the subsidiary books? Show Answer

Q102) Which of the following is /are the subsidiary books? Show Answer

Q103) Which of the following is /are the subsidiary books? Show Answer

Q104) which of the following is /are the subsidiary books? Show Answer

Q105) Purchases book is meant for recording the ____ of goods. Show Answer

Q106) Cash purchases are recorded in _____ Show Answer

Q107) Purchases day book records _____ Show Answer

Q108) The total of the purchases day book is posted periodically to the debit of ____ Show Answer

Q109) In the Sales Book ______ of goods are recorded Show Answer

Q110) Cash sales are recorded in __ Show Answer

Q111) Credit sale of various assets or investment will be recorded in Show Answer

Q112) ______ records the details of goods returned by the business organization to the supplier(s). Show Answer

Q113) When the goods are returned to the to supplier a ____is sent to him. Show Answer

Q114) The Total amount column of the sales return book is _____ Show Answer

Q115) The total amount column of the purchases return book is _____ Show Answer

Q116) Goods outward Journal is meant for recording all returns of goods. Show Answer

Q117) The details of goods returned by the customers to the business organization are recorded in ___ book. Show Answer

Q118) ____ is used to record the details of bills receivable by the business organization. Show Answer

Q119) ______ is used to record the particulars of all the bills payable accepted by the business organization for the purpose of paying amounts due to its creditors. Show Answer

Q120) The total of the amount of the bills receivable book is posted to the ____ in the ledger. Show Answer

Q121) The total of the amount of the bills payable book is posted to the ____ in the ledger. Show Answer

Q122) When fixed assets or stationneries are purchased on credit , the entries are passed in the Show Answer

Q123) Which of the following books is used to record purchase of machinery by cash? Show Answer

Q124) When obsolete assets are sold on credit , these are originally recorded in the _____ Show Answer

Q125) Purchase of furniture on cash for Rs.1,50,000 will be recorded in ______ Show Answer

Q126) Purchased goods for Rs.90,000 from Mr.N on credit will be recorded in ____ Show Answer

Q127) Rs.3,50,000 cash paid to creditors for settlement of credit purchases will be recorded in _____ Show Answer

Q128) Sold furniture on cash for Rs.1,50,000 will be recorded in _____ Show Answer

Q129) Sold goods for Rs.90,000 to Mr.Z om credit will be recorded in _______ Show Answer

Q130) Received cash of Rs.2,00,000 from debtors for settlement of credit sales will be recorded in ______ Show Answer

Q131) Mr.N return the goods of Rs.50,000 purchased on credit to Mr.Z .This transaction will recorded by Mr.N in _____And by Mr.Z in____ Show Answer

Q132) If Mr.Z draws the bill of exchange for Rs.75,000 on Mr.N .This transaction will be recorded by Mr Z.in ____ and by Mr.N in _____ Show Answer

Q133) An allowance of Rs.50 was offered for an early payments of cash of Rs.1,050 It will be recorded in _____ Show Answer

Q134) A second hand motor car was purchased on credit from B& Co.for Rs.10,000.It will be recorded in ____ Show Answer

Q135) Goods were sold on credit basis to Mr.Ram for Rs.10,000 .It will be recorded in ____ Show Answer

Q136) Credit purchase of stationery worth Rs.5,000 by a stationery dealer will be recorded in ____ Show Answer

Q137) A bills receivable of Rs.10,000 which was received from a debtor in full settlement for a claim of Rs.11,000 dishonoured will be recorded in ____ Show Answer

Q138) Purchased goods from shyam worth Rs.50,000 credit basis will be recorded in _____ Show Answer

Q139) Note for Rs.20,000 issued to Mr.Z for goods returned by us is to be accounted. Show Answer

Q140) Investment was sold in cash for Rs.1,00,000 at par will be recorded in ____ Show Answer

Q141) Investment was sold in credit for Rs.1,00,000 at par will be recorded in ____ Show Answer

Q142) Salary paid in cash -Rs.50,000 will be recorded in ______ Show Answer

Q143) Cash sales for Rs.5,00,000 will be recorded in ______ Show Answer

Q144) Accounting for recovery from Mr.C of an amount of Rs.2,000 earlier written off as bad debt will be recorded in _____ Show Answer

Q145) In which book of original entry, will you record an allowance of Rs.50 was offered for an early payment of cash of Rs.1,050 Show Answer