MCQ .(1 Marks)

MCQ 11 Mark

How to show the closing balance of account in the column of particulars?

✓
Balance carried forward
B
Balance carried down
C
Difference of balance
D
Difference of amount

Answer

Correct option: A.

Balance carried forward

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MCQ 21 Mark

Goodwill is which type of asset and what is the type of its balance ?

A
Tangible asset, debit balance
B
Balance carried down
C
Tangible asset, credit balance
✓
Intangible asset, debit balance

Answer

Correct option: D.

Intangible asset, debit balance

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MCQ 31 Mark

Normally, which type of balance is found in asset account?

A
Credit balance
✓
Debit balance
C
Debit or Credit balance
D
Account is settled

Answer

Correct option: B.

Debit balance

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MCQ 41 Mark

Which type of account is called squared up account?

A
When the total amount of the debit side is more
✓
When the total amount of both the sides is equal
C
When the total amount of the credit side is more
D
When there is no transaction in the account

Answer

Correct option: B.

When the total amount of both the sides is equal

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MCQ 51 Mark

In which forms of ledger, the new pages can't e added as per requirement ?

A
Card ledger
B
Computer accounts
C
Loose leave ledger
✓
Bound book ledger

Answer

Correct option: D.

Bound book ledger

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MCQ 61 Mark

Which book is called the original book ?

✓
Journal
B
Ledger
C
Journal proper
D
Cash book

Answer

Correct option: A.

Journal

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MCQ 71 Mark

What is called a 'king of books'?

A
Journal book
B
Journal Proper book
✓
Ledger book
D
Book for noting of transactions

Answer

Correct option: C.

Ledger book

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Account MCQ .(1 Marks)

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