Mock test 2

Which of the following is a real account?

• Sales A/c

• Rent A/c

• Machinery A/c

• Commission A/c

Which side of the cash book is debit?

• Left side

• Right side

• Both sides

• None

Which document is a source for journal entry?

• Ledger

• Trial Balance

• Voucher

• Balance Sheet

Purchase of furniture should be debited to:

• Purchase A/c

• Furniture A/c

• Cash A/c

• Sales A/c

Which account is prepared to find out credit sales?

• Debtors A/c

• Creditors A/c

• Cash A/c

• Sales A/c

What type of account is Bad Debts?

• Personal

• Real

• Nominal

• Asset

Which is not a subsidiary book?

• Sales Book

• Purchases Book

• Journal Proper

• Ledger

Outstanding salary is classified as:

• Asset

• Liability

• Capital

• Income

Which is prepared first?

• Journal

• Ledger

• Trial Balance

• Final Accounts

Revenue Expenditure is:

• Shown as asset

• Non-recurring in nature

• Recurring in nature

• Capitalized