32616262
Descrição
Quiz por mamta narula, atualizado more than 1 year ago
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Criado por mamta narula
quase 3 anos atrás
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Questão 1
Questão
Accounts are generally of what shape?
Responda
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M shape
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L shape
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A shape
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T shape
Questão 2
Questão
What is Bad debt?
Responda
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The discount given to debtor
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The discount received from debtor
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The amount irrecoverable from debtor as they become solvent
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The amount irrecoverable from debtor as they become insolvent
Questão 3
Questão
The increase is debited and decrease is credited is the rule which is applicable to :-
Responda
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Capital account
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Asset account
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Revenue account
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Liability account
Questão 4
Questão
Where is an increase in Liability, Capitals, and Revenues recorded as per the American approach?
Responda
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Debit
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Credit
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Neither Debit nor Credit
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Both Debit and Credit
Questão 5
Questão
As per the Modern approach, accounts are classified into how many types?
Responda
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5
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3
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2
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4
Questão 6
Questão
Sold goods to Mohan for ₹ 5,000 will
Responda
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Increase cash and increase Sales
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Increase cash and decrease Sales
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Increase debtor and increase Sales
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Increase debtor and decrease Sales
Questão 7
Questão
Paid to creditors Rs 8,000
Responda
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Cash decrease Creditor decrease
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Cash increase Creditor decrease
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Cash increase Creditor increase
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Cash decrease Creditor increase
Questão 8
Questão
If goods worth ₹ 7,000 are given as charity
Responda
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Goods account is debited
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Goods account is credited
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Purchases account is debited
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Purchases account is credited
Questão 9
Questão
Sold goods to Yuvraj on Cash Rs 80,000
Responda
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Revenue increase & Cash decrease
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Revenue increase & Yuvraj's account (the debtor) increase
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Revenue increase & cash increase
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Revenue decrease & Yuvraj's account (the debtor) decrease
Questão 10
Questão
Full form of L.F is
Responda
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Ledger form
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Long folio
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Ledger folio
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Long Form
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