Test: Recording Of Transactions - 2


20 Questions MCQ Test Crash Course of Accountancy - Class 11 | Test: Recording Of Transactions - 2


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This mock test of Test: Recording Of Transactions - 2 for Commerce helps you for every Commerce entrance exam. This contains 20 Multiple Choice Questions for Commerce Test: Recording Of Transactions - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Recording Of Transactions - 2 quiz give you a good mix of easy questions and tough questions. Commerce students definitely take this Test: Recording Of Transactions - 2 exercise for a better result in the exam. You can find other Test: Recording Of Transactions - 2 extra questions, long questions & short questions for Commerce on EduRev as well by searching above.
QUESTION: 1

Proprietor is a creditor of the business for ______

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QUESTION: 2

Difference between assets and liabilities is

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QUESTION: 3

Cash Memo is a

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QUESTION: 4

Additional capital introduced in the business will increase ____ and ____

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QUESTION: 5

Goods purchased on credit will increase the

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QUESTION: 6

In Purchase book goods purchased on .........are recorded.

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QUESTION: 7

In all circumstances Assets will be always equal to _____ + ______

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QUESTION: 8

Transfer voucher is prepared for

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QUESTION: 9

The company pays its creditors by cheque. What is the effect on assets and liabilities

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QUESTION: 10

The company has collected money from its debtors by cheque.What is the effect on assets and liabilities

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QUESTION: 11

In which book credit sales of goods are recorded

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QUESTION: 12

Which document evidencing that the account of the named person is debited for the reason stated therein

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QUESTION: 13

Example of an assets is

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QUESTION: 14

Which of the following is not an assets

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QUESTION: 15

Which of the following is a liability

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QUESTION: 16

Which of the following statement is correct

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QUESTION: 17

Source of documents are

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QUESTION: 18

The final balance of purchase book is debited to :

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QUESTION: 19

The periodic total of purchases return journal is posted to :

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QUESTION: 20

Which voucher is prepared for the payment of salary, purchase of goods, payment made to any creditor etc.

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