MCQ 11 MarkGoods goes out for sample is debited to account.✓Advertisement expenseBGoods issued for samples CPurchaseDSalesAnswerCorrect option: A. Advertisement expenseView full question & answer→
MCQ 21 MarkThe total of debit and credit side of journal areANon-identical✓IdenticalCDebitDCreditAnswerCorrect option: B. IdenticalView full question & answer→
MCQ 31 MarkExpense incurred to purchase asset is debited to account.AExpense✓AssetCCashDSundryAnswerCorrect option: B. AssetView full question & answer→
MCQ 41 MarkAn amount withdrawn from bank account for personal expense will be debited toABankBCash✓DrawingsDPersonAnswerCorrect option: C. DrawingsView full question & answer→
MCQ 51 MarkJournal is a ……. of accounting transactions.✓Original BookBMain BookCClosing BookDOther BookAnswerCorrect option: A. Original BookView full question & answer→
MCQ 61 Mark$........$ account will be debited when balance and weights are purchased ?ABalance and weightsBPurchaseCAsset✓Dead StockAnswerCorrect option: D. Dead StockView full question & answer→
MCQ 71 MarkCash discount is given on $........$ACash purchasesBCash sales✓Cash receiptDCash paymentAnswerCorrect option: C. Cash receiptView full question & answer→
MCQ 81 MarkWhen cash or cheque is deposited into bank $........$ account will be debited.✓BankBCashCCapitalDDrawingsAnswerCorrect option: A. BankView full question & answer→
MCQ 91 MarkWhen allowance / kasar is allowed, it is $........$ for business.AAdvertisementBBusiness exp.CIncome✓LossAnswerCorrect option: D. LossView full question & answer→
MCQ 101 MarkWhen amount is withdrawn from bank for office expense, it is debited to $........$ account.ADrawingsBOffice exp.✓CashDBankAnswerCorrect option: C. CashView full question & answer→
MCQ 111 MarkAmount written off as bad debts in past now recovered. To which account it is to be credited ?ACash A/c.BDiscount A/c.✓Bad debts recovered A/c.DIncome A/c.AnswerCorrect option: C. Bad debts recovered A/c.View full question & answer→
MCQ 121 MarkWhen amount is not recoverable from a debtor it is known as$........$AExpenseBLoss✓Bad debtsDGainAnswerCorrect option: C. Bad debtsView full question & answer→
MCQ 131 MarkWhich of the following is not recorded in the books of accounts ?ACash discount✓Trade discountCAllowanceDRebateAnswerCorrect option: B. Trade discountView full question & answer→
MCQ 141 MarkAmount spent for the personal charity work is debited to $........$ account.ACharity✓DrawingsCDebtor'sDCapitalAnswerCorrect option: B. DrawingsView full question & answer→