MCQs / Q&A

Revenue receipts are shown in___________?

A. Balance Sheet
B. Profit and Loss appropriation A/c
C. Manufacturing A/c
D. Trading and Profit and Loss A/c

Capital expenses are shown in___________?

A. Balance Sheet
B. Profit and Loss A/c
C. Trading A/c
D. None of these

The periodic total of purchase day book is posted to____________?

A. Purchase register
B. Purchase A/c
C. Cash purchase A/c
D. Credit purchase A/c

The periodic total of sales day book is posted to___________?

A. Sales A/c
B. Cash sales A/c
C. Sales return A/c
D. Credit sales A/c

Which of these is not a special purpose journal?

A. Cash journal
B. Purchase journal
C. Debtors journal
D. Sales journal

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 ?

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?

A. Outstanding Salary A/c
B. Rent A/c
C. SBI A/c
D. Bad debts A/c