Practice Test


1) The debit note issued are used to prepare


2) A second hand motor car was purchased on credit from B Brothers for Rs. 10,000


3) Goods were sold on credit basis to A Brothers for Rs.1,000


4) Rectifying the error of a credit purchase of goods worth Rs.10,000 recorded as credit Sale to Mr D, discovered two months later


5) Credit purchase of stationery worth Rs.10,000 by a stationery dealer


6) A bill receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs.1,100, is dishonoured


7) Purchased goods from E worth Rs.5,000 on credit basis


8) Unpaid salary of Rs.340 is to be provided for in the accounts


9) A debit note for Rs.2,000 issued to Mr F for goods returned by us is to be accounted for


10) Goods Outward journal is meant for recording all returns of goods


11) Which of the following type of information are found in subsidiary ledgers, but not in the general ledger


12) The total of the purchase day book is posted periodically to the debit of


13) Purchases day book records


14) In Purchase Book the records is in respect of


15) The Sales Return Book records


16) The Sales Book


17) The weekly or monthly total of the purchase book is


18) The total of the Sales book is posted to


19) Salaries due for this month of March will appear


20) trade discount received is


21) Sale of goods by mohan to shan for Rs.1,000 will be recorded in the


22) A purchase of goods by sohan from mohan for Rs.1,000 will be recorded in the


23) purchase book is used to record


24) sales book is used to record


25) purchase return book is used to record


26) sales return book is used to record


27) journal proper is used to record


28) when the goods are sold to a customer


29) when the customer returns goods


30) when the goods are returned to a supplier


31) purchase book is a part of


32) sales book is a part of


33) purchase return book is a part of


34) sales return book is a part of


35) bills receivable book is a part of


36) bills payable book is a part of


37) journal proper is a part of


38) total of purchase book is posted to


39) an individual transaction of purchase book is posted to


40) total of sale book is posted to


41) an individual transaction of sales book is posted to


42) total of return outward book is posted to


43) an individual transaction of return outward book is posted to


44) total of return inward book is posted to


45) an individual transaction of return inward book is posted to


46) total of journal proper will be debited to


47) the following is entered in the journal proper


48) the following is entered in the journal proper


49) purchase of machinery by Mr.X ,a dealer in machinery for Rs.1,00,000 is recorded in


50) purchase of machinery by Mr.X ,a dealer in machinery from Mr.Y for Rs.1,00,000 is recorded in


51) purchase of machinery by Mr.X ,a dealer in stationery from Mr.Y for Rs.1,00,000 is recorded in


52) sale of machinery by Mr.X ,a dealer in machinery from Mr.Y for Rs.1,20,000 is recorded in


53) sale of machinery by Mr.X ,a dealer in stationery from Mr.Y for Rs.1,20,000 is recorded in


54) purchase account in the ledger shows


55) sales account in the ledger shows


56) closing entries are recorded in


57) rectifying entries are recorded in


58) transfer entries are recorded in


59) the source document used for recording entries in purchase book is


60) the source document used for recording entries in sales book is


61) the source document used for recording entries in purchase return book is


62) the source document used for recording entries in sales return book is


63) the invoice are used to prepare


64) invoice received are source documents for


65) The debit note received are used to prepare


66) the credit note received are used to prepare


67) the word 'To balance b/f' are recorded in the particular column at the time of


68) returns of goods sold for cash Rs.500 to Ram are recorded


69) goods sold for cash were returned by a customer but cash was not given immediately .These are recorded in


70) goods sold for cash were returned by a customer & cash was given immediately .These are recorded in


71) goods received from manufacturer for distribution among the customer as free samples .these are recorded in


72) goods brought in by the proprietor as his capital contribution are recorded


73) on making a promissory note, the maker records in


74) on receipt of a promissory note the payee records in


75) A dishonour of a discounted bill receivable is recorded in


76) a dishonour of a bill receivable (retained) is recorded in


77) trade discount allowed in recorded in


78) a second hand bike was purchased on credit from B for Rs. 10,000 is to be recorded


79) good sold on credit basis to Mr.X for Rs.1,000 are to be recorded in


80) purchase of goods from E worth Rs.5,000 on credit basis are to be recorded in


81) credit purchase of stationery worth Rs.1,000 by a stationery dealer is recorded in


82) A debit note for Rs.1,000 issued to Mr M for goods returned by us is to be accounted for


83) A bill receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs.1,100, is dishonoured


84) rectifying entries for the error of a credit purchase of goods worth Rs.10,000 recorded as credit sales to Mr.X discovered two months later is to be passed in


85) unpaid salary of Rs.1,000 is to be provided for in the accounts


86) interest accrued for the month of march will be recorded in


87) goods taken by proprietor for personal use will be recorded


88) Cash column of cash book can never have ________ balance.


89) An entry recorded on both sides of cash book is known as ________ entry.


90) The source document for recording in purchase book is _______.


91) Credit purchase of machinery is recorded in the _________.


92) Sub-division of journal is known as ________ book.


93) Additional cash introduced in business is recorded in ________.


94) Entry for bad debts is recorded in the ______.


95) Direct deposit made by customer into our bank is recorded on the ________ side of the cash book.


96) The person who draws the cheque and sign on it is the _______.


97) A fixed amount is deposited for a fixed period in _________ deposit account.


98) ________ instrument is used to deposits cash or cheque into the bank


99) Two parallel line drawn on the face of the cheque is called as _______.


100) The sub -division of journal into various subsidiary journals in which transactions of similar nature are recorded are called _____


101) Which of the following is /are the subsidiary books?


102) Which of the following is /are the subsidiary books?


103) Which of the following is /are the subsidiary books?


104) which of the following is /are the subsidiary books?


105) Purchases book is meant for recording the ____ of goods.


106) Cash purchases are recorded in _____


107) Purchases day book records _____


108) The total of the purchases day book is posted periodically to the debit of ____


109) In the Sales Book ______ of goods are recorded


110) Cash sales are recorded in __


111) Credit sale of various assets or investment will be recorded in


112) ______ records the details of goods returned by the business organization to the supplier(s).


113) When the goods are returned to the to supplier a ____is sent to him.


114) The Total amount column of the sales return book is _____


115) The total amount column of the purchases return book is _____


116) Goods outward Journal is meant for recording all returns of goods.


117) The details of goods returned by the customers to the business organization are recorded in ___ book.


118) ____ is used to record the details of bills receivable by the business organization.


119) ______ is used to record the particulars of all the bills payable accepted by the business organization for the purpose of paying amounts due to its creditors.


120) The total of the amount of the bills receivable book is posted to the ____ in the ledger.


121) The total of the amount of the bills payable book is posted to the ____ in the ledger.


122) When fixed assets or stationneries are purchased on credit , the entries are passed in the


123) Which of the following books is used to record purchase of machinery by cash?


124) When obsolete assets are sold on credit , these are originally recorded in the _____


125) Purchase of furniture on cash for Rs.1,50,000 will be recorded in ______


126) Purchased goods for Rs.90,000 from Mr.N on credit will be recorded in ____


127) Rs.3,50,000 cash paid to creditors for settlement of credit purchases will be recorded in _____


128) Sold furniture on cash for Rs.1,50,000 will be recorded in _____


129) Sold goods for Rs.90,000 to Mr.Z om credit will be recorded in _______


130) Received cash of Rs.2,00,000 from debtors for settlement of credit sales will be recorded in ______


131) Mr.N return the goods of Rs.50,000 purchased on credit to Mr.Z .This transaction will recorded by Mr.N in _____And by Mr.Z in____


132) If Mr.Z draws the bill of exchange for Rs.75,000 on Mr.N .This transaction will be recorded by Mr Z.in ____ and by Mr.N in _____


133) An allowance of Rs.50 was offered for an early payments of cash of Rs.1,050 It will be recorded in _____


134) A second hand motor car was purchased on credit from B& Co.for Rs.10,000.It will be recorded in ____


135) Goods were sold on credit basis to Mr.Ram for Rs.10,000 .It will be recorded in ____


136) Credit purchase of stationery worth Rs.5,000 by a stationery dealer will be recorded in ____


137) A bills receivable of Rs.10,000 which was received from a debtor in full settlement for a claim of Rs.11,000 dishonoured will be recorded in ____


138) Purchased goods from shyam worth Rs.50,000 credit basis will be recorded in _____


139) Note for Rs.20,000 issued to Mr.Z for goods returned by us is to be accounted.


140) Investment was sold in cash for Rs.1,00,000 at par will be recorded in ____


141) Investment was sold in credit for Rs.1,00,000 at par will be recorded in ____


142) Salary paid in cash -Rs.50,000 will be recorded in ______


143) Cash sales for Rs.5,00,000 will be recorded in ______


144) Accounting for recovery from Mr.C of an amount of Rs.2,000 earlier written off as bad debt will be recorded in _____


145) In which book of original entry, will you record an allowance of Rs.50 was offered for an early payment of cash of Rs.1,050