Q.1
_____ will be credited if goods are given as charity
Q.2
Which of the following is known as the base for preparing trial balance?
Q.3
Debit balance = Credit balance in a trial balance indicates that
Q.4
Which of the following is a type of cash receipt journal + cash payment journal?
Q.5
Cash purchases is recorded in which of the following specialized journals?
Q.6
Sales on credit is recorded in which of the following journal?
Q.7
Transactions that a business does not record in any specialized journal are recorded in which of the following books?
Q.8
Which of the following specialized journal records "goods returned by the business"?
Q.9
The process of recording transactions in different journals is called
Q.10
Trial Balance is prepared to check accuracy of
Q.11
Which of the following is the normal balance of a rent expense account?
Q.12
The standard format of Journal does not include which of the following?
Q.13
Goods returned by customer should be debited to which of the following accounts?
Q.14
Discount allowed is
Q.15
Which of the following accounts can be classified as a real account?
Q.16
A brief explanation recorded below every entry in General Journal is commonly known as
Q.17
Debit note is the basis for recording a transaction in which of the following journals?
Q.18
Credit note is the basis for recording a transaction in which of the following journals?
Q.19
Sales and purchase journal doesn't record
Q.20
Cash received from debtor is recorded in which of the following specialized journals?
Q.21
Discount allowed is a kind of deduction from
Q.22
The other name of Journal is
Q.23
The Journal entry in which two or more account is debited or credited is referred to as
Q.24
In which of the following order, data is entered into the Journal?
Q.25
Which of the following accounts will be credited if a company purchases building for cash?
Q.26
Discount for quick repayment of debt is normally referred to as
Q.27
Which of the following will be debited if a business purchases goods on credit?
Q.28
Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?
Q.29
Capital increases if ______ increases
Q.30
Capital of a business decreases if there is an increase in
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