True False[1 Marks ]

Download App

Questions

🎯

Test yourself on this topic

10 questions · timed · auto-graded

Question 11 Mark

Real accounts generally show debit balance.

Answer

True.

View full question & answer→

Question 21 Mark

Purchase Return Account is always debited.

Answer

False.

View full question & answer→

Question 31 Mark

Nominal accounts always show debit balance.

Answer

False.

View full question & answer→

Question 41 Mark

Sales Return Account is always credited.

Answer

False.

View full question & answer→

Question 51 Mark

Opening entry is passed for the first transaction of each day.

Answer

False.

View full question & answer→

Question 61 Mark

Personal accounts always show debit balance.

Answer

False.

View full question & answer→

Question 71 Mark

Purchase Account is always debited.

Answer

True.

View full question & answer→

Question 81 Mark

The system of recording transactions on the basis of their two-fold aspect is called double account system.

Answer

False.

View full question & answer→

Question 91 Mark

Goods bought for resale are referred to as sales.

Answer

False.

View full question & answer→

Question 101 Mark

Sales Account is always credited.

Answer

True.

View full question & answer→

Generate Paper Free All Books of Original Entry – Journal topics

True False[1 Marks ] - Account STD 11 Commerce Questions - Vidyadip

Account True False[1 Marks ]

True False[1 Marks ]

Test yourself on this topic