Question # 1

Compound entry affected at least

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Two account

One account

Three account

Four account

Bad debts are shown in the

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Trading A/c

None of these

Profit & Loss A/c

Both first

The person who draws a bill of exchange is known as

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Drawer

Payee

Drawee

Bank

Credit sales are recorded in

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Cash book

Purchase book

Sales book

Pass book

Accounting is the language of

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Govt

Trade

Business

Commerce

Operating expenses represent

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G.P- Operative Exp

Selling + General Exp

Selling administrative Exp.D)

All of these

The amount of salaries paid to javed should be credited to

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Javed A/c

Cash A/c

Salaries A/c

None of these

Cash purchases are recorded in large organizations in

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Purchase day book

General journal

Purchase journal

Cash book

Noting charges are paid when bill is

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Honoured

Discounted

Dishonoured

None of these

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NAT I Commerce Accounting MCQs With Answers

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