CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Journal Quiz 2 - MCQExams.com

Purchases account is debited when machinery is purchased.
  • True
  • False
Name the account which is debited for payment of import duty.
  • Import duty Account
  • Cash Account
  • Expenses Account
  • Loss Account
When an amount or balance of one amount is to be taken to some other account, it is done by means of a/an_________.
  • Transfer entry
  • Adjustment entry
  • Rectification entry
  • Opening entry
This type of account with a normal credit balance invariably is a........a/c
  • assets
  • expense
  • revenue
  • suspense
Assets purchased on hire purchase systems are recorded at...
  • Cost price
  • Hire purchase price
  • Cash price
  • Replacement price
Goods distributed as free sample would be __________________.
  • Debited to Advertisement A/c and credited to Purchase A/c.
  • Debited to Trading A/c and Credited to Profit and loss A/c
  • Credited to sale A/c and Debited to purchase A/c
  • Credited to Trading A/c and Debited to Drawing A/c
Opening entry is passed in
  • General Journal
  • Special purpose journal
  • None of these
  • Both (a) & (b)
Closing entries are passed in __________.
  • General journal
  • Directly in balance sheet
  • Directly in profit and loss A/c
  • Any of the above three
Rs. 5000 paid to Ram as salary for the month of July 06, while recording this transaction in books of A/c which account will be debited ......
  • Ram's A/c
  • Salary outstanding A/c
  • Salary A/c
  • Profit and loss A/c
Business expenses excludes...
  • Fire insurance premium of office building
  • LIC premium on the life of proprietor
  • Interest on capital
  • Repair of office furniture
Which of these is the first entry in the journal.
  • transfer of balance of assets and liabilities A/cs of the previous years
  • rectification entry
  • adjustment entry
  • cash deposited in bank
Which of these describes a record of the transaction?
  • Journal
  • Ledger
  • Trial balance
  • Work sheet
Which of these is/are not a business expenditure?
  • Income-tax of the proprietor
  • House tax premium of a partner
  • LIC premium of the Chairman
  • all the three
Goods returned by $$X$$ is entered as ________________.
  • Debit X A/c; Credit purchase return A/c
  • Debit X a/c; Credit cash A/c
  • Debit sales return A/c; Credit X A/c
  • Debit X a/c; Credit sales A/c
When goods are purchased for the joint venture, the account to be debited is __________________.
  • Purchases account
  • Joint venture account
  • Venture's capital account
  • Joint ventures stock A/c
A withdrawal of cash from business by the proprietor should be debited to _________________.
  • Drawing Account
  • Capital Account
  • Cash Account
  • Purchase Account
A credit sale of goods to Ram should be debited to ______________.
  • Sales Account
  • Goods Account
  • Ram's Account
  • Purchase Account
A withdrawal of cash from business by the proprietor of the firm should be credited to _____________.
  • Capital account
  • Cash account
  • Drawing account
  • Proprietor's account
Received a first and final dividend of $$60$$ paise in the rupee from the Official Receiver of Mr. Ram who owed $$Rs. 2,000$$.
  • Discount allowed A/c be debited with $$Rs. 800$$
  • Bad debts recovered A/c be debited with $$Rs. 12,00$$
  • Bad debt A/c be credited with $$Rs. 800
  • Bad debt A/c be debited with $$Rs. 800
Purchase of goods on credit from A is recorded as ________________.
  • Debit purchases A/c; Credit cash A/c
  • Debit A A/c; Credit purchase A/c
  • Debit purchase A/c; Credit A's A/c
  • Debit stock A/c; Credit purchase A/c
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers