Practice Test

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

Q2) An allowance of Rs.50 was offered for an early payment of cash of Rs.1,050 will record in Show Answer

Q3) A second hand motor car was purchased on credit from B Brothers for Rs. 10,000 Show Answer

Q4) Goods were sold on credit basis to A Brothers for Rs.1,000 Show Answer

Q5) Accounting for partial recovery from Mr.C of an amount of Rs.2,000 earlier written off as bad debt Show Answer

Q6) 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

Q7) Credit purchase of stationery worth Rs.10,000 by a stationery dealer Show Answer

Q8) 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

Q9) Purchased goods from E worth Rs.5,000 on credit basis Show Answer

Q10) Unpaid salary of Rs.340 is to be provided for in the accounts Show Answer

Q11) A debit note for Rs.2,000 issued to Mr F for goods returned by us is to be accounted for Show Answer

Q12) Goods Outward journal is meant for recording all returns of goods Show Answer

Q13) Which of the following type of information are found in subsidiary ledgers, but not in the general ledger Show Answer

Q14) The total of the purchase day book is posted periodically to the debit of Show Answer

Q15) Purchases day book records Show Answer

Q16) In Purchase Book the records is in respect of Show Answer

Q17) The Sales Return Book records Show Answer

Q18) The Sales Book Show Answer

Q19) The weekly or monthly total of the purchase book is Show Answer

Q20) The total of the Sales book is posted to Show Answer

Q21) The total of discount column on the debit side of cash book, recording cash discount deducted by customers when paying their accounts , is posted to the Show Answer

Q22) Which of the following is the kind of a cash book Show Answer

Q23) Cash book is a type of Show Answer

Q24) Cash book is treated as Show Answer

Q25) Which of the following is not a column of a three-column cash book Show Answer

Q26) Salaries due for this month of March will appear Show Answer

Q27) Contra entries are passed only when Show Answer

Q28) The cash books record Show Answer

Q29) The balance in the petty cash book is Show Answer

Q30) which of the following is the kind of a cash book ? Show Answer

Q31) cash book is a type of _________but treated as a _____of accounts Show Answer

Q32) cash book is used to record Show Answer

Q33) cash receipts are recorded Show Answer

Q34) cash payments are recorded Show Answer

Q35) Which of the following is correct ? Show Answer

Q36) when a firm maintains a simple cash book , it need not maintain Show Answer

Q37) single column cash book may show Show Answer

Q38) which of the following is not a column of a two-column cash book Show Answer

Q39) when firm maintains a double column cash book ,it need not maintain Show Answer

Q40) which of the following is not a column of three-column cash book Show Answer

Q41) when firm maintains a three- column cash book ,it need not maintain Show Answer

Q42) bank column of the cash book may show Show Answer

Q43) which is entered on the debit side of cash book Show Answer

Q44) which is entered on the credit side of cash book Show Answer

Q45) transaction entered on the debit side of the cash book are to be posted to Show Answer

Q46) transaction entered on the credit side of the cash book are to be posted to Show Answer

Q47) which of the following transaction is posted in the ledger Show Answer

Q48) which of the following transaction is not posted in the ledger Show Answer

Q49) the total of discount column on the debit side of cash book, , is posted to the Show Answer

Q50) the total of discount column on the credit side of cash book, , is posted to the Show Answer

Q51) in a three- column cash book Show Answer

Q52) if a debit as well as the credit aspects of a transaction are recorded in the cash book itself it is called Show Answer

Q53) which is not a contra entry in three column cash book Show Answer

Q54) discount column of a cash book may show Show Answer

Q55) trade discount received is Show Answer

Q56) when a cheque received on a particular date is not deposited the same day into bank ,it is entered in Show Answer

Q57) when a cheque is returned dishonoured ,it is recorded in Show Answer

Q58) when a cheque received is endorsed ,it is recorded in Show Answer

Q59) A cheque which is payable across the bank counter Show Answer

Q60) In a three column cash book Show Answer

Q61) The balance in the petty cash book is Show Answer

Q62) If S has sold goods for cash ,the entry will be recorded in the Show Answer

Q63) If S has purchased goods for cash ,the entry will be recorded in the Show Answer

Q64) Sale of goods by mohan to shan for Rs.1,000 will be recorded in the Show Answer

Q65) A purchase of goods by sohan from mohan for Rs.1,000 will be recorded in the Show Answer

Q66) purchase book is used to record Show Answer

Q67) sales book is used to record Show Answer

Q68) purchase return book is used to record Show Answer

Q69) sales return book is used to record Show Answer

Q70) journal proper is used to record Show Answer

Q71) when the goods are sold to a customer Show Answer

Q72) when the customer returns goods Show Answer

Q73) when the goods are returned to a supplier Show Answer

Q74) purchase book is a part of Show Answer

Q75) sales book is a part of Show Answer

Q76) purchase return book is a part of Show Answer

Q77) sales return book is a part of Show Answer

Q78) bills receivable book is a part of Show Answer

Q79) bills payable book is a part of Show Answer

Q80) journal proper is a part of Show Answer

Q81) cash book is Show Answer

Q82) If Ram has sold goods for cash , the entry will be recorded Show Answer

Q83) total of purchase book is posted to Show Answer

Q84) an individual transaction of purchase book is posted to Show Answer

Q85) total of sale book is posted to Show Answer

Q86) an individual transaction of sales book is posted to Show Answer

Q87) total of return outward book is posted to Show Answer

Q88) an individual transaction of return outward book is posted to Show Answer

Q89) total of return inward book is posted to Show Answer

Q90) an individual transaction of return inward book is posted to Show Answer

Q91) total of journal proper will be debited to Show Answer

Q92) the following is entered in the journal proper Show Answer

Q93) the following is entered in the journal proper Show Answer

Q94) purchase of machinery by Mr.X ,a dealer in machinery for Rs.1,00,000 is recorded in Show Answer

Q95) purchase of machinery by Mr.X ,a dealer in machinery from Mr.Y for Rs.1,00,000 is recorded in Show Answer

Q96) purchase of machinery by Mr.X ,a dealer in stationery from Mr.Y for Rs.1,00,000 is recorded in Show Answer

Q97) sale of machinery by Mr.X ,a dealer in machinery for Rs.1,20,000 is recorded in Show Answer

Q98) sale of machinery by Mr.X ,a dealer in machinery from Mr.Y for Rs.1,20,000 is recorded in Show Answer

Q99) sale of machinery by Mr.X ,a dealer in stationery from Mr.Y for Rs.1,20,000 is recorded in Show Answer

Q100) purchase account in the ledger shows Show Answer

Q101) sales account in the ledger shows Show Answer

Q102) closing entries are recorded in Show Answer

Q103) rectifying entries are recorded in Show Answer

Q104) transfer entries are recorded in Show Answer

Q105) the source document used for recording entries in purchase book is Show Answer

Q106) the source document used for recording entries in sales book is Show Answer

Q107) the source document used for recording entries in purchase return book is Show Answer

Q108) the source document used for recording entries in sales return book is Show Answer

Q109) the invoice are used to prepare Show Answer

Q110) invoice received are source documents for Show Answer

Q111) The debit note received are used to prepare Show Answer

Q112) the credit note received are used to prepare Show Answer

Q113) goods costing Rs.900 were sold to ram for Rs.1,000 on 1.1.20XI , on 1.2.2.XI Ram paid Rs.950 on account .Ram's account should be credited with Show Answer

Q114) the word 'To balance b/f' are recorded in the particular column at the time of Show Answer

Q115) R paid Rs.900 in full settlement of a debt of Rs.950 which was written off as a bad debt in the previous year Show Answer

Q116) returns of goods sold for cash Rs.500 to Ram are recorded Show Answer

Q117) goods sold for cash were returned by a customer but cash was not given immediately .These are recorded in Show Answer

Q118) goods sold for cash were returned by a customer & cash was given immediately .These are recorded in Show Answer

Q119) goods received from manufacturer for distribution among the customer as free samples .these are recorded in Show Answer

Q120) goods brought in by the proprietor as his capital contribution are recorded Show Answer

Q121) on making a promissory note, the maker records in Show Answer

Q122) on receipt of a promissory note the payee records in Show Answer

Q123) A dishonour of a discounted bill receivable is recorded in Show Answer

Q124) a dishonour of a bill receivable (retained) is recorded in Show Answer

Q125) a cheque of Rs.3,500 received from P.K.Jain a customer ,endorsed in favour of P.C .Jain , a supplier . It is to be recorded n Show Answer

Q126) trade discount allowed in recorded in Show Answer

Q127) an allowance of Rs.25 was offered for an early payment of cash of Rs.975 is to be recorded in Show Answer

Q128) a second hand bike was purchased on credit from B for Rs. 10,000 is to be recorded Show Answer

Q129) good sold on credit basis to Mr.X for Rs.1,000 are to be recorded in Show Answer

Q130) purchase of goods from E worth Rs.5,000 on credit basis are to be recorded in Show Answer

Q131) credit purchase of stationery worth Rs.1,000 by a stationery dealer is recorded in Show Answer

Q132) A debit note for Rs.1,000 issued to Mr M for goods returned by us is to be accounted for Show Answer

Q133) 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

Q134) 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

Q135) unpaid salary of Rs.1,000 is to be provided for in the accounts Show Answer

Q136) interest accrued for the month of march will be recorded in Show Answer

Q137) goods taken by proprietor for personal use will be recorded Show Answer