32616262
Descripción
Test por mamta narula, actualizado hace más de 1 año
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Creado por mamta narula
hace más de 3 años
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Pregunta 1
Pregunta
Accounts are generally of what shape?
Respuesta
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M shape
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L shape
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A shape
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T shape
Pregunta 2
Pregunta
What is Bad debt?
Respuesta
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The discount given to debtor
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The discount received from debtor
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The amount irrecoverable from debtor as they become solvent
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The amount irrecoverable from debtor as they become insolvent
Pregunta 3
Pregunta
The increase is debited and decrease is credited is the rule which is applicable to :-
Respuesta
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Capital account
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Asset account
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Revenue account
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Liability account
Pregunta 4
Pregunta
Where is an increase in Liability, Capitals, and Revenues recorded as per the American approach?
Respuesta
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Debit
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Credit
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Neither Debit nor Credit
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Both Debit and Credit
Pregunta 5
Pregunta
As per the Modern approach, accounts are classified into how many types?
Respuesta
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5
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3
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2
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4
Pregunta 6
Pregunta
Sold goods to Mohan for ₹ 5,000 will
Respuesta
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Increase cash and increase Sales
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Increase cash and decrease Sales
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Increase debtor and increase Sales
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Increase debtor and decrease Sales
Pregunta 7
Pregunta
Paid to creditors Rs 8,000
Respuesta
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Cash decrease Creditor decrease
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Cash increase Creditor decrease
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Cash increase Creditor increase
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Cash decrease Creditor increase
Pregunta 8
Pregunta
If goods worth ₹ 7,000 are given as charity
Respuesta
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Goods account is debited
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Goods account is credited
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Purchases account is debited
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Purchases account is credited
Pregunta 9
Pregunta
Sold goods to Yuvraj on Cash Rs 80,000
Respuesta
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Revenue increase & Cash decrease
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Revenue increase & Yuvraj's account (the debtor) increase
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Revenue increase & cash increase
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Revenue decrease & Yuvraj's account (the debtor) decrease
Pregunta 10
Pregunta
Full form of L.F is
Respuesta
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Ledger form
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Long folio
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Ledger folio
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Long Form
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