| 1 |
A cash account always shows |
- A. Debit Balance
- B. Credit Balance
- C. Both a and b
- D. Nil Balance
|
| 2 |
Our cheque to Babar & Bros, returned dishonoured should be credited to |
- A. Cheque Account
- B. Cash Account
- C. Bank Account
- D. Babar & Bros A/c
|
| 3 |
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
|
| 4 |
In journalizing the page numbers of the ledgers are written in: |
- A. The first column of journal
- B. The second column of journal
- C. The third column of journal
- D. The fourth column of journal
|
| 5 |
Cheques issued to a creditor but not presented for payment are called |
- A. Un Credited Cheques
- B. Uncollected Cheques
- C. Un Presented Cheques
- D. Dishonoured Cheques
|
| 6 |
All the time of endorsement of a bill the drawer credits: |
- A. The drawee account
- B. The endorser's personal account
- C. Bill receivable account
- D. Endorser's account
|
| 7 |
Which column is prepared in single column cash book? |
- A. Bank Column
- B. Cash Column
- C. Discount Column
- D. All of the Above
|
| 8 |
The favourable balance of bank statement is |
- A. Credit Balance
- B. Debit Balance
- C. Zero Balance
- D. Both b and c
|
| 9 |
How many columns are drawn on one side of three column cash book ? |
- A. Five Columns
- B. Six Columns
- C. Seven Columns
- D. Eight Columns
|
| 10 |
Discount deducted from the catalogue or list price is called: |
- A. Trade discount
- B. Cash discount
- C. Catalogue discount
- D. Credit discount
|