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Page 1 CA-CPT Fundamentals of Accounts Chapter 2 Unit-2 By CA. SK Chhabra Page 2 CA-CPT Fundamentals of Accounts Chapter 2 Unit-2 By CA. SK Chhabra Multiple choice Questions Page 3 CA-CPT Fundamentals of Accounts Chapter 2 Unit-2 By CA. SK Chhabra Multiple choice Questions The process of transferring the debit and credit items from a Journal to their respective accounts in the ledger is termed as • (a) Posting • (b) Purchase • (c) Balancing of an account • (d) Arithmetically accuracy test Answer: (a) Page 4 CA-CPT Fundamentals of Accounts Chapter 2 Unit-2 By CA. SK Chhabra Multiple choice Questions The process of transferring the debit and credit items from a Journal to their respective accounts in the ledger is termed as • (a) Posting • (b) Purchase • (c) Balancing of an account • (d) Arithmetically accuracy test Answer: (a) The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known as • (a) Posting • (b) Purchase • (c) Balancing of an account • (d) Arithmetically accuracy test. Answer: (c) Page 5 CA-CPT Fundamentals of Accounts Chapter 2 Unit-2 By CA. SK Chhabra Multiple choice Questions The process of transferring the debit and credit items from a Journal to their respective accounts in the ledger is termed as • (a) Posting • (b) Purchase • (c) Balancing of an account • (d) Arithmetically accuracy test Answer: (a) The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known as • (a) Posting • (b) Purchase • (c) Balancing of an account • (d) Arithmetically accuracy test. Answer: (c) Journal and ledger records transactions in • (a) A chronological order and analytical order respectively. • (b) An analytical order and chronological order respectively. • (c) A chronological order only • (d) An analytical order only Answer: (a)Read More
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