CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Ledger Quiz 1 - MCQExams.com

Book of analytical record is ___________.
  • Balance sheet
  • Journal
  • Ledger
  • All of the above
If there is a debit balance in ledger accounts than ___________.
  • debit side of an account exceeds the credit side
  • credit side of an account exceeds the debit side
  • total of the debit side is more
  • both a & c
Ledger is also called  ___________.
  • Principal Book of Accounts
  • Cash Books
  • Subsidiary Books
  • Petty Cash Book
Balancing of account means total of debit and credit side.
  • True
  • False
Totalling of journal and ledger is called as_____. 
  • Posting
  • Folio
  • Casting
  • Journalising
The 'Statement of Affairs' is prepared on the basis of _______________.
  • Ledger Accounts.
  • Ledger Accounts and estimates.
  • Estimates.
  • None of the above.
In book-keeping posting means, __________.
  • to record the transactions from the journal to ledger
  • to record the transactions in the journal
  • to record the transactions in the subsidiary books
  • to record the transactions in the cash book
The ______________ in a ledger helps in locating the accounts contained in it.
  • Folio
  • Pages
  • Serial numbers
  • Part numbers
Which of the following accounts is increased by debit entries?
  • Machinery account
  • Purchases return account
  • Discount received account
  • Commission received account
Posting implies recording of a transaction in journal.
  • True
  • False
Which English alphabet is similar to the shape of an account?
  • I
  • T
  • H
  • Y
Loose-Leaf Ledgers are also known as _____________.
  • Impersonal Ledgers
  • Personal Ledgers
  • Perpetual Ledgers
  • None of the above
Which of the following is not a book of prime entry?
  • Cash book
  • Returns Inwards Day Book
  • The Petty Cash Book
  • The Ledger
c/f indicates ___________.
  • Credit
  • Ledger folio
  • Carry forward
  • Journal name
Ledger is a book of _________.
  • Original Entry
  • Principal Entry
  • All Cash Entry
  • All Credit Entry
_________ is given to promote sales.
  • Cash discount
  • Trade discount
  • Quantity discount
  • Price discount
The process of transferring the credit and debit items form a journal to their respective accounts in the ledger is termed as ___________.
  • Balancing
  • Invoicing
  • Double entry
  • Posting
Which one of the following entry is not recorded in the residuary journal?
  • Opening entry
  • Closing entry
  • Adjustment entry
  • Credit sales
If some goods from business are given away as charity to a particular person or institution, it should be ____________.
  • Debited to charity account
  • Credited to charity account
  • Debited to sales account
  • Debited to donation account
When Accounts in the ledger are balanced ?
  • Daily
  • Weekly
  • Monthly
  • Yearly
Which of the following books serves both as journal and ledger?
  • Cash book
  • Sales Return book
  • Sales journal
  • Purchase returns book
__________ is a summary of all transactions relating to particular account.
  • Balance sheet
  • Trial balance
  • Ledger
  • Journal
Bought ledger adjustment account is also termed as _______________.
  • General ledger Account.
  • Creditors ledger adjustment Account.
  • Debtors ledger adjustment Account.
  • Sold ledger adjustment Account.
The main books of accounts in a business is ____________.
  • Account
  • Journal
  • Ledger
  • Subsidiary books
The second important stage in the accounting process is______.
  • Journal
  • Ledger
  • Account
  • Subsidiary books
Debit and credit items from the journal are transferred to the respective accounts in the __________.
  • Compound journal
  • Ledger
  • Trial balance
  • None of the above
A sale of goods to Vaibhav for cash should be debited to ___________.
  • Vaibhav's account
  • Cash account
  • Sale of goods account
  • None of these Above
In order to determine the amount of sales, to which of the following records one should refer?
  • Sales book.
  • Sales account.
  • Journal.
  • Total debtors account.
Debtors and Creditors Ledgers are known as __________________.
  • Bought ledger adjustment Account.
  • Subsidiary Ledgers.
  • General Ledgers.
  • Sold ledgers adjustment Account.
Which of the following is not opened in the General Ledger ?
  • Drawing Account
  • Land Account
  • Rent Account
  • Personal Account of a trade creditor
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers