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