Test: Preparation Of Journal Ledger Account - MCQ - 2 - Commerce MCQ
20 Questions MCQ Test - Test: Preparation Of Journal Ledger Account - MCQ - 2
Assets sold on credit are entered in _______
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Cash book does not record the _______transactions.
Which of following is not an advantage of a subsidiary book?
The amount paid to the petty cashier at the beginning of a period is known as _____ amount.
If both cash and bank columns are affected by any transactions it is called a
Which of the following transaction will not be recorded in the purchase book
Following items should be subtracted which decrease the pass book balance and increase the cash book balance except
_____ Note contains the name of suppliers to whom goods are being ___
_______ is drawn by the seller of goods to the buyer and is returned by the buyer after accepting it
Which of the following transactions is not recorded in the Journal Proper
Which of the following is also known as Principle Book of Accounts
When Double column cash book is maintained
Real account (which include cash and all other assets) will usually show
Nominal accounts are transferred to ___________ of the firm
Debit balance of any account mean an ______ whereas Credit Balance means a ______
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
Account is not entered in trial balance which shows
If there is excess debit in the trial balance the difference is posted to the
Debit side of Suspense account is shown on the
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