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