Accountancy - 15

        It is irrecoverable debt ……….

• Bad debt

• Depreciation    

• Expenses 

• Liability

      Accounting is part of ……….

• Accountancy

• Book – Keeping    

• Voucher 

• None of the these

    The word journal has been derived from…….

•       Latin   

• Italian  

• French

• Greek

     The Ledger account is prepared in ……… format

•       L  

• B 

• Vertical 

• T

       The trial balance contains the balances of all………….

•       Journal    

• Invoice

• Voucher  

• Ledger accounts

   Each sub division of the books is a ……….

• special journal    

• a book of primary entry

• subsidiary book  

• all of these

       The person to whom a bill is endorsed is called……….

•     Endorsee  

• Endorser 

• Drawer 

• Payee

      Petty cash may be used to pay

•     The expenses relating to postage and conveyance

•      Salary to the manager

•    Purchase of furniture and fixtures

•       Purchase of raw materials

      Cheque received are treated as ……. received

• Cash

• Interest       

• Bank   

• Discount

Balance as per cash book is Rs.2000 bank charge of Rs. 50 debited by the bank is not yet shown in the cash book.  What is the bank statement balance now?

•     Rs. 1950 credit balance

•      Rs. 1950 debit balance

•     Rs. 2050 debit balance

•       Rs. 2050 credit balance