Practice Test


1) Which account is the odd one out


2) The debts written off as bad, if recovered subsequently are


3) Bill payable account


4) Rent account


5) Patents account


6) Salaries


7) Equipment


8) Account payable


9) Membership fees earned


10) Stock


11) Accounts receivable


12) Building


13) Profits


14) The process of transferring the debit and credit items from a journal to their respective accounts in the ledger is termed as


15) The techniques of finding the net balance of an account after considering the total of both debits and credits appearing in the account is known as


16) Ledger book is popularly known as


17) At the end of the accounting year all the nominal accounts of the ledger book are


18) ledger is a book of


19) the process of transferring the transaction relating to change in a particular item at one place in the form of an account is called


20) the words 'To Balance b/f, or 'by Balance b/f ' are recorded in the 'Particular Column ' at the time of posting of


21) the words 'To Balance b/f, or 'by Balance b/f ' are recorded in the 'Particular Column ' at the time of posting of


22) while balancing an account in case of a debit balance , the words by balance c/d are recorded in the particulars column of an account


23) The balance of an account is always known by the side which is


24) while balancing an account the balance of an account is recorded on the side which is


25) normally the following account are balanced


26) the following account has a credit balance


27) the following account are never balanced


28) which of the following is cash transaction


29) which of the following is credit transaction


30) purchase of furniture is


31) salary account


32) prepaid salary account


33) outstanding salary account


34) Interest received account


35) Accrued Interest account


36) interest receivable account


37) Unaccrued Interest account


38) interest received in Advance account


39) Capital account


40) Drawing account


41) Bill receivable account


42) Proprietor's account


43) personal income tax account


44) Sales Tax payable account


45) ICICI bank account


46) Bank deposit account


47) Debtor's account


48) Creditor's account


49) advance to an employee account


50) Advance to a supplier account


51) Advance from a customer account


52) R's account is


53) M/S R & sons account


54) R's capital account


55) R's drawing account


56) prepaid salary account


57) advance salary to S account


58) Salary payable to S account


59) Interest receivable from M , (a borrower) account


60) Interest received in advance from M , (a borrower) account


61) Goodwill account is


62) trade marks account


63) copyright account


64) technical know how account


65) Investment in shares of ICICI Bank account


66) Purchase account


67) Purchase Return Account


68) Sales account


69) Sales Return Account


70) adjusted purchase account


71) discount allowed account


72) discount received account


73) bad debts account


74) Bad Debts recovered account


75) provision for doubtful debts account


76) provision for discount on debtor account


77) provision for depreciation account


78) Donation & Charity account


79) Reserve for discount on creditors


80) Free sample account


81) Goods destroyed by fire account


82) goods misappropriated by an employee account is


83) cash embezzlement account


84) account receivable account


85) cash account


86) Loan to R account


87) loan to M account


88) bank interest account


89) salary account


90) outstanding salary account


91) Interest received account


92) Accrued Interest account


93) Interest receivable account


94) Accrued Interest account


95) Interest received in Advance account


96) Capital account


97) Drawing account


98) Bill payable account


99) Bill receivable account


100) Proprietor's account


101) Sales Tax payable account


102) ICICI bank account


103) Bank deposit account


104) Debtor's account


105) Creditor's account


106) advance to an employee account


107) Advance to a supplier account


108) Advance from a customer account


109) R's account is


110) Ms/ R & sons account (a customer)


111) Ms/ R & sons Ltd's account (a customer)


112) R's capital account


113) R's drawing account


114) Prepaid salary account is _________


115) Advance salary to S account


116) Salary payable to S account


117) Interest receivable from M , a borrower account


118) Interest received in advance from M , a borrower account


119) Goodwill account is


120) Patents account


121) trade marks account


122) copyright account


123) Technical know how account


124) Investment in shares of ICICI Bank account


125) purchase account


126) purchase Return account


127) sales account


128) Sales return account


129) Discount allowed account


130) Discount received account


131) Bad debts account


132) Bad debts recovered account


133) Provision for doubtful debts account


134) provision for discount on debtor account


135) donation & charity account


136) reserve for discount on creditors


137) free sample account


138) Goods destroyed by fire account


139) Goods misappropriated by an employee account is


140) Account receivable account


141) Cash account


142) loan to R account


143) Loan to M account


144) bank interest account


145) Which of the following is the odd one out ?


146) Which of the following is the odd one out ?


147) which of the following is the odd one out ?


148) which of the following is the odd one out ?


149) Which of the following is the odd one out ?


150) which of the following is the odd one out ?


151) Which of the following is the odd one out ?


152) Which of the following is the odd one out ?


153) Which of the following is the odd one out ?


154) Which of the following is the odd one out ?


155) Which of the following is the odd one out ?


156) which of the following is the odd one out ?


157) A sale of goods to ram should be debited to


158) Wages paid for installing a second hand machinery should be debited to


159) In case of debt becoming bad ,the amount should be credited to


160) Ram whose account was written off as bad, paid subsequently. The amount should be


161) When the total of debit side of an A/c exceeds credit side, it is called _______ balance.


162) Machinery A/c shows _________ balance.


163) Recording of an entry from Journal to ledger is called as ________.


164) Debtors A/c shows _________ balance.


165) Left hand side of an account is called ___________ side.


166) ________ is prepared from the balances in ledger account.


167) Total of sales book is ________ to sales account.


168) Wages A/c is transferred to _________ A/c.


169) All entries are posted from journal to _________.


170) Carried down (c/d) balance indicates ________ balance.


171) ________ gives summarized record of transactions relating to one particular account.


172) ____is the principal books of account where similar transactions relating to a particular persons or property or revenue or expense are recorded .


173) Ledger is the _____ of accounts where similar transactions relating to a particular persons or property or revenue or expense are recorded .


174) _______is a book of account ,in which all types of accounts relating to assets ,liabilities ,capital ,expenses and revenue are maintained.


175) Process of recording transaction in ledger is known as _____.


176) Ledger is book for ___.


177) Proprietor's account


178) Ledger is a book of -


179) In ledger -


180) Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?


181) Real A/c debit balance indicates


182) Journal and Ledger records transactions in