| 1 |
Which of the following discloses the financial position of the business |
- A. Trading account
- B. Profit or loss account
- C. Profit or loss appropriation account
- D. Balance sheet
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| 2 |
The statement which contains the explanation of different in cash book and bank statement is known as: |
- A. Bank statement
- B. Cash statement
- C. Balance statement
- D. Bank reconciliation statement
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| 3 |
The most exhaustive cash book is |
- A. Petty Cash Book
- B. Single Column Cash Book
- C. Double Column Cash Book
- D. Treble Column Cash Book
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| 4 |
It is prepared to determine the net profit or net loss |
- A. Trading account
- B. Profit or loss account
- C. Cash book
- D. Balance sheet
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| 5 |
Error of carry forward will affect |
- A. Personal accounts
- B. Nominal accounts
- C. Impersonal accounts
- D. None of these
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| 6 |
Which column is prepared in single column cash book? |
- A. Bank Column
- B. Cash Column
- C. Discount Column
- D. All of the Above
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| 7 |
All the direct expenses are charged to: |
- A. Balance sheet
- B. Profit and loss account
- C. Trading account
- D. None of these
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| 8 |
The book in which all cash transaction are primarily recorded is called |
- A. Pass book
- B. Cheque book
- C. Finance book
- D. Cash book
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| 9 |
The expenses which are incurred for the generation of revenues from the sales of goods are called |
- A. Non-operating expenses
- B. Selling expenses
- C. Operation expenses
- D. Administrative expenses
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| 10 |
Worksheet contains ______ pairs of money columns |
- A. Five
- B. Four
- C. Three
- D. Two
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