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