
Accounting Books and Statements
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Hard
TANISHA PANCHAL
Used 1+ times
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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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