Account M.C.Q (1 Marks)

Dinesh who owed us ₹ 8,000 became insolvent and paid us 60% in full settlement. Posting will be made to Dinesh A/c:

Which of the following is known as “Principal Book of Accounting''?

While posting in personal accounts from the purchases book, posting is done:

The total of Purchase Return Column of Purchases Return book will be posted to the:

Paid to Jigyasa ₹ 11,500 in full settlement of ₹ 12,000. Posting will be made in Jigyasa's A/c:

Purchased goods from Manoj of ₹ 20,000 at 20% trade discount. Posting will be made in Manoj A/c:

Which of these accounts has debit balance?

Sold goods for cash of the list price of ₹ 8,000 at 10% trade discount and 3% cash discount. Posting will be made in Discount A/c:

Total assets in a business are ₹ 8,00,000 and total liabilities are ₹ 5,00,000. The difference is called:

Received ₹ 4,900 from Garima in full settlement of ₹ 5,000. Posting of ₹ 100 will be made to the:

Normally, the following accounts are balanced:

Proprietor of the business withdrew goods from business for private use. It will be posted to the:

Which of the following accounts always shows a debit balance:

The credit balance of a personal account is ......