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) Accrued Interest account Show Answer

Q93) Interest receivable account Show Answer

Q94) Accrued Interest account Show Answer

Q95) Interest received in Advance account Show Answer

Q96) Capital account Show Answer

Q97) Drawing account Show Answer

Q98) Bill payable account Show Answer

Q99) Bill receivable account Show Answer

Q100) Proprietor's account Show Answer

Q101) Sales Tax payable account Show Answer

Q102) ICICI bank account Show Answer

Q103) Bank deposit account Show Answer

Q104) Debtor's account Show Answer

Q105) Creditor's account Show Answer

Q106) advance to an employee account Show Answer

Q107) Advance to a supplier account Show Answer

Q108) Advance from a customer account Show Answer

Q109) R's account is Show Answer

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

Q111) Ms/ R & sons Ltd's account (a customer) Show Answer

Q112) R's capital account Show Answer

Q113) R's drawing account Show Answer

Q114) Prepaid salary account is _________ Show Answer

Q115) Advance salary to S account Show Answer

Q116) Salary payable to S account Show Answer

Q117) Interest receivable from M , a borrower account Show Answer

Q118) Interest received in advance from M , a borrower account Show Answer

Q119) Goodwill account is Show Answer

Q120) Patents account Show Answer

Q121) trade marks account Show Answer

Q122) copyright account Show Answer

Q123) Technical know how account Show Answer

Q124) Investment in shares of ICICI Bank account Show Answer

Q125) purchase account Show Answer

Q126) purchase Return account Show Answer

Q127) sales account Show Answer

Q128) Sales return account Show Answer

Q129) Discount allowed account Show Answer

Q130) Discount received account Show Answer

Q131) Bad debts account Show Answer

Q132) Bad debts recovered account Show Answer

Q133) Provision for doubtful debts account Show Answer

Q134) provision for discount on debtor account Show Answer

Q135) donation & charity account Show Answer

Q136) reserve for discount on creditors Show Answer

Q137) free sample account Show Answer

Q138) Goods destroyed by fire account Show Answer

Q139) Goods misappropriated by an employee account is Show Answer

Q140) Account receivable account Show Answer

Q141) Cash account Show Answer

Q142) loan to R account Show Answer

Q143) Loan to M account Show Answer

Q144) bank interest account 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) which of the following is the odd one out ? Show Answer

Q157) A sale of goods to ram should be debited to Show Answer

Q158) Wages paid for installing a second hand machinery should be debited to Show Answer

Q159) In case of debt becoming bad ,the amount should be credited to Show Answer

Q160) Ram whose account was written off as bad, paid subsequently. The amount should be Show Answer

Q161) When the total of debit side of an A/c exceeds credit side, it is called _______ balance.
Show Answer

Q162) Machinery A/c shows _________ balance.
Show Answer

Q163) Recording of an entry from Journal to ledger is called as ________.
Show Answer

Q164) Debtors A/c shows _________ balance.
Show Answer

Q165) Left hand side of an account is called ___________ side.
Show Answer

Q166) ________ is prepared from the balances in ledger account.
Show Answer

Q167) Total of sales book is ________ to sales account.
Show Answer

Q168) Wages A/c is transferred to _________ A/c.
Show Answer

Q169) All entries are posted from journal to _________.
Show Answer

Q170) Carried down (c/d) balance indicates ________ balance.
Show Answer

Q171) ________ gives summarized record of transactions relating to one particular account.
Show Answer

Q172) ____is the principal books of account where similar transactions relating to a particular persons or property or revenue or expense are recorded . Show Answer

Q173) Ledger is the _____ of accounts where similar transactions relating to a particular persons or property or revenue or expense are recorded . Show Answer

Q174) _______is a book of account ,in which all types of accounts relating to assets ,liabilities ,capital ,expenses and revenue are maintained. Show Answer

Q175) Process of recording transaction in ledger is known as _____. Show Answer

Q176) Ledger is book for ___. Show Answer

Q177) Proprietor's account Show Answer

Q178) Ledger is a book of - Show Answer

Q179) In ledger - Show Answer

Q180) Which of the following types of information are found in subsidiary ledgers, but not in the general ledger? Show Answer

Q181) Real A/c debit balance indicates Show Answer

Q182) Journal and Ledger records transactions in Show Answer