Quiz on Meaning and Fundamentals of Double Entry Book-Keeping
#1. Goodwill is …………… asset.
#2. Radha’s Account is a type of …………. Account.
#3. Deshinama System is another name for …………….. System of accounting.
#4. Loose Tools account is a ………… account.
#5. Income received in advance is a …………… account.
#6. In every business transaction there must be minimum ……….. effects.
#7. Capital account is a Real account
#8. Debit what comes in, Credit what …………………
#9. Conventional system of accounting is……………
#10. Debit the receiver, Credit the …………………
#11. Trade Mark A/c is a ………….. account
#12. Live stock A/c is a …………… account
#13. Bank of India is a …………… account.
#14. Prepaid Expenses is ………… account.
#15. Every debit has corresponding ………………………..
#16. Debit all ……………….. and credit all incomes and gains
#17. Income – tax account is a …………… account .
#18. Machinery Account is …………. Account.
#19. International Accounting day is observed on ………..
#20. Loan A/c is a ………. account
Results
