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Accountancy - 17

Authored by Padmanaban K

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11th Grade

Accountancy - 17
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

        Chandragupta Maurya Minister Kautilya wrote a book named ….

     Discovery of India      

Summa de arithmetic 

Double entry system

Artha shastra

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

       ………. Concept every transaction has two aspects

Business entity    

Going concern   

Cost

Dual Aspect

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entries are made in the journal based on ……

     Invoice   

Voucher 

Source documents

cash receipts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

       Nominal account having debit balance represents

   Assets   

Liabilities   

Income /gains

Expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

      Suspense account having credit balance will be shown on the ….

      Debit side of the profit and loss a/c

      Credit side of the profit and loss a/c

      Asset side in balance sheet

    Liabilities side of the balance sheet

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

     …… to record bills drawn or promissory note received

     Cash book   

ledger 

Bills payable book

Bill receivable book

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

      ……. Of the bill means the non-payment of the amount of the bill, when it is presented for payment

      Discounting      

Dishonor

Retiring

Renewal

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