Quiz
Quiz : Rules of Debit and Credit
Questions in this quiz (10)
1Accounts are generally of what shape?
- AM shape
- BL shape
- CA shape
- DT shape
2What is Bad debt?
- AThe discount given to debtor
- BThe discount received from debtor
- CThe amount irrecoverable from debtor as they become solvent
- DThe amount irrecoverable from debtor as they become insolvent
3The increase is debited and decrease is credited is the rule which is applicable to :-
- ACapital account
- BAsset account
- CRevenue account
- DLiability account
4Where is an increase in Liability, Capitals, and Revenues recorded as per the American approach?
- ADebit
- BCredit
- CNeither Debit nor Credit
- DBoth Debit and Credit
5As per the Modern approach, accounts are classified into how many types?
- A5
- B3
- C2
- D4
6Sold goods to Mohan for ₹ 5,000 will
- AIncrease cash and increase Sales
- BIncrease cash and decrease Sales
- CIncrease debtor and increase Sales
- DIncrease debtor and decrease Sales
7Paid to creditors Rs 8,000
- ACash decrease Creditor decrease
- BCash increase Creditor decrease
- CCash increase Creditor increase
- DCash decrease Creditor increase
8If goods worth ₹ 7,000 are given as charity
- AGoods account is debited
- BGoods account is credited
- CPurchases account is debited
- DPurchases account is credited
9Sold goods to Yuvraj on Cash Rs 80,000
- ARevenue increase & Cash decrease
- BRevenue increase & Yuvraj's account (the debtor) increase
- CRevenue increase & cash increase
- DRevenue decrease & Yuvraj's account (the debtor) decrease
10Full form of L.F is
- ALedger form
- BLong folio
- CLedger folio
- DLong Form
Information
- Description
- CBSE Central Board of Secondary Education Accountancy Quiz on Quiz : Rules of Debit and Credit, created by mamta narula on 13/08/2021.
- Author
- mamta narula
- Language
- English
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