| 1 |
The cash book is a |
- A. Subsidiary Journal
- B. Ledger Account
- C. Subsidiary Journal and Ledger
- D. Trial Balance
|
| 2 |
In accounting all business transactions are recorded which have: |
- A. Dual aspect
- B. Single aspect
- C. None of the above
- D. Economic aspect
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| 3 |
The book in which all cash transactions are primarily recorded is called |
- A. Cheque Book
- B. Pass Book
- C. Cash Book
- D. Finance Book
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| 4 |
Petty cash book is a branch of |
- A. Pass Book
- B. Cash Book
- C. Journal
- D. Ledger
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| 5 |
When saleable goods are bought in a business are called: |
- A. Sales
- B. Purchase
- C. Assets
- D. Goods
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| 6 |
The favourable balance of bank statement is |
- A. Credit Balance
- B. Debit Balance
- C. Zero Balance
- D. Both b and c
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| 7 |
The excess of gross profit on sale over total operating expenses is called: |
- A. Cost of goods sold
- B. Gross profit
- C. Net profit
- D. None-operating income
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| 8 |
The rules of the debiting the receiving and crediting the giver is applicable to: |
- A. Persona account
- B. Real account
- C. Nominal account
- D. Expense account
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| 9 |
Contra Refers to |
- A. Same Side
- B. Parallel Side
- C. Opposite Side
- D. None of these
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| 10 |
The balance of petty cash book is a/an |
- A. Asset
- B. Liability
- C. Expense
- D. Income
|