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CBSE Central Board of Secondary Education Accountancy Quiz on Quiz : Rules of Debit and Credit, created by mamta narula on 13/08/2021.

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mamta narula
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Quiz : Rules of Debit and Credit

Question 1 of 10

1

Accounts are generally of what shape?

Select one of the following:

  • M shape

  • L shape

  • A shape

  • T shape

Explanation

Question 2 of 10

1

What is Bad debt?

Select one of the following:

  • The discount given to debtor

  • The discount received from debtor

  • The amount irrecoverable from debtor as they become solvent

  • The amount irrecoverable from debtor as they become insolvent

Explanation

Question 3 of 10

1

The increase is debited and decrease is credited is the rule which is applicable to :-

Select one of the following:

  • Capital account

  • Asset account

  • Revenue account

  • Liability account

Explanation

Question 4 of 10

1

Where is an increase in Liability, Capitals, and Revenues recorded as per the American approach?

Select one of the following:

  • Debit

  • Credit

  • Neither Debit nor Credit

  • Both Debit and Credit

Explanation

Question 5 of 10

1

As per the Modern approach, accounts are classified into how many types?

Select one of the following:

  • 5

  • 3

  • 2

  • 4

Explanation

Question 6 of 10

1

Sold goods to Mohan for ₹ 5,000 will

Select one of the following:

  • Increase cash and increase Sales

  • Increase cash and decrease Sales

  • Increase debtor and increase Sales

  • Increase debtor and decrease Sales

Explanation

Question 7 of 10

1

Paid to creditors Rs 8,000

Select one of the following:

  • Cash decrease Creditor decrease

  • Cash increase Creditor decrease

  • Cash increase Creditor increase

  • Cash decrease Creditor increase

Explanation

Question 8 of 10

1

If goods worth ₹ 7,000 are given as charity

Select one of the following:

  • Goods account is debited

  • Goods account is credited

  • Purchases account is debited

  • Purchases account is credited

Explanation

Question 9 of 10

1

Sold goods to Yuvraj on Cash Rs 80,000

Select one of the following:

  • Revenue increase & Cash decrease

  • Revenue increase & Yuvraj's account (the debtor) increase

  • Revenue increase & cash increase

  • Revenue decrease & Yuvraj's account (the debtor) decrease

Explanation

Question 10 of 10

1

Full form of L.F is

Select one of the following:

  • Ledger form

  • Long folio

  • Ledger folio

  • Long Form

Explanation

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