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