Which of these is not a special purpose journal?
A. Cash journal
B. Purchase journal
C. Debtors journal
D. Sales journal
Accounting MCQs / Q&A
A book wherein various accounts are opened is called____________?
A book wherein various accounts are opened is called____________?
A. Subsidiary books
B. Journal
C. Ledger
D. Trial Balance
Posting is the process of____________?
Posting is the process of____________?
A. Posting the letters in drop box
B. Posting suitable person to a suitable job
C. Entering in the ledger the information contained in the ledger
D. All the three
Goodwill A/c is a/an__________?
Goodwill A/c is a/an__________?
A. Nominal A/c
B. Tangible Asset
C. Intangible Asset
D. Fictitious Asset
Which of the following is a Nominal A/c ?
Which of the following is a Nominal A/c ?
A. Outstanding Salary A/c
B. Rent A/c
C. SBI A/c
D. Debtors A/c
Which of the following is a representative Personal A/c?
Which of the following is a representative Personal A/c?
A. Outstanding Salary A/c
B. Rent A/c
C. SBI A/c
D. Bad debts A/c
Which of the following is a Real A/c?
Which of the following is a Real A/c?
A. Salary A/c
B. Bank A/c
C. Building A/c
D. Goodwill A/c
Petty cash balance is a/an___________?
Petty cash balance is a/an___________?
A. Assets
B. Expenditure
C. Liability
D. None
Which column of a cash book will not have credit balance___________?
Which column of a cash book will not have credit balance___________?
A. Bank column
B. Discount column
C. Cash column
D. None
The closing balance of a petty cash book is a / an___________?
The closing balance of a petty cash book is a / an___________?
A. Liability
B. Gain
C. Assets
D. Loss