Which of these is not a special purpose journal?
A. Cash journal
B. Purchase journal
C. Debtors journal
D. Sales journal
Which of these is not a special purpose journal? Read More »
Accounting MCQs / Q&A A. Subsidiary books
B. Journal
C. Ledger
D. Trial Balance
A book wherein various accounts are opened is called____________? Read More »
Accounting MCQs / Q&A, Ledger 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
Posting is the process of____________? Read More »
Accounting MCQs / Q&A, LedgerGoodwill A/c is a/an__________?
A. Nominal A/c
B. Tangible Asset
C. Intangible Asset
D. Fictitious Asset
Goodwill A/c is a/an__________? Read More »
Accounting MCQs / Q&AWhich 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 Nominal A/c ? Read More »
Accounting MCQs / Q&AWhich 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 representative Personal A/c? Read More »
Accounting MCQs / Q&AWhich of the following is a Real A/c?
A. Salary A/c
B. Bank A/c
C. Building A/c
D. Goodwill A/c
Which of the following is a Real A/c? Read More »
Accounting MCQs / Q&APetty cash balance is a/an___________?
A. Assets
B. Expenditure
C. Liability
D. None
Petty cash balance is a/an___________? Read More »
Accounting MCQs / Q&AWhich column of a cash book will not have credit balance___________?
A. Bank column
B. Discount column
C. Cash column
D. None
Which column of a cash book will not have credit balance___________? Read More »
Accounting MCQs / Q&AThe closing balance of a petty cash book is a / an___________?
A. Liability
B. Gain
C. Assets
D. Loss
The closing balance of a petty cash book is a / an___________? Read More »
Accounting MCQs / Q&A