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Test: Preparation Of Journal Ledger Account - MCQ - 2


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20 Questions MCQ Test Accountancy Class 11 | Test: Preparation Of Journal Ledger Account - MCQ - 2

Test: Preparation Of Journal Ledger Account - MCQ - 2 for Commerce 2022 is part of Accountancy Class 11 preparation. The Test: Preparation Of Journal Ledger Account - MCQ - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Preparation Of Journal Ledger Account - MCQ - 2 MCQs are made for Commerce 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Preparation Of Journal Ledger Account - MCQ - 2 below.
Solutions of Test: Preparation Of Journal Ledger Account - MCQ - 2 questions in English are available as part of our Accountancy Class 11 for Commerce & Test: Preparation Of Journal Ledger Account - MCQ - 2 solutions in Hindi for Accountancy Class 11 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Preparation Of Journal Ledger Account - MCQ - 2 | 20 questions in 20 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Accountancy Class 11 for Commerce Exam | Download free PDF with solutions
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Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 1

Debit means

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 2

Assets sold on credit are entered in _______

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 3

Cash book does not record the _______transactions.

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 4

Which of following is not an advantage of a subsidiary book?

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 5

The amount paid to the petty cashier at the beginning of a period is known as _____ amount.

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 6

If both cash and bank columns are affected by any transactions it is called a

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 7

Which of the following transaction will not be recorded in the purchase book

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 8

Following items should be subtracted which decrease the pass book balance and increase the cash book balance except

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 9

_____ Note contains the name of suppliers to whom goods are being ___

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 10

_______ is drawn by the seller of goods to the buyer and is returned by the buyer after accepting it

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 11

Which of the following transactions is not recorded in the Journal Proper

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 12

Which of the following is also known as Principle Book of Accounts

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 13

When Double column cash book is maintained

Detailed Solution for Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 13

The correct option is Option A.

When a double column bank account is made it includes a bank column so that transactions taking place through cheques and bank can be recorded in the bank column without making a separate book and ledger for the bank.

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 14

Real account (which include cash and all other assets) will usually show

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 15

Nominal accounts are transferred to ___________ of the firm

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 16

Debit balance of any account mean an ______ whereas Credit Balance means a ______

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 17

When posting of all transactions into ledger is completed and accounts are balanced off then the balance of each account is put on a list called

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 18

Account is not entered in trial balance which shows

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 19

If there is excess debit in the trial balance the difference is posted to the

Test: Preparation Of Journal Ledger Account - MCQ - 2 - Question 20

Debit side of Suspense account is shown on the

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