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Accounting Books and Statements

Authored by TANISHA PANCHAL

Business

9th Grade

Used 1+ times

Accounting Books and Statements
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The book of original entry is called:

Ledger

Journal

Trial Balance

Cash Book

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is known as the “Book of Final Entry”?

Journal

Ledger

Trial Balance

Balance Sheet

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Journal records transactions in which order?

Alphabetical order

Chronological order

Random order

By account type

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Ledger, the left-hand side is called:

Credit side

Balance side

Debit side

Particulars side

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement is prepared to check arithmetical accuracy of accounts?

Journal

Ledger

Trial Balance

Balance Sheet

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

“Debit the receiver, Credit the giver” is the rule of which type of account?

Real Account

Nominal Account

Personal Account

Cash Account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Trial Balance does not tally, it means:

Accounts are correct

There may be an error in posting

Business is making a loss

Profit is very high

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