CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Nature Of Accounts And Rules Of Debit And Credit Quiz 4 - MCQExams.com

When a liability is discharged _____ is debited.
  • creditor a/c
  • cash account
  • profit and loss a/c
  • miscellaneous expenses a/c
Personal A/c can have _______.
  • Debit balance only
  • Credit balance only
  • No balance
  • All the three are possible
The balance of personal account shows ______.
  • Cash Balance
  • Profit and Loss
  • Amount due to or due from other persons, organization
  • Liquidity Position
In an account prepared under a double-entry system, ________ prefix suggests that the concerned account is debited.
  • To
  • By
  • Balance cd
  • Balance bd
Rent receivable is a ________.
  • Nominal A/c
  • Real A/c
  • Personal A/c
  • Representative personal A/c
Proprietor's A/c is a _______ account.
  • Personal
  • Real
  • Nominal
  • None of the above
Which side represents debit ?
  • Left side
  • Right side
  • Side having shorter total
  • Side having larger total
_______ accounts relates to expenses, losses, income, gain, revenue etc.
  • Personal a/c
  • Real a/c
  • Nominal a/c
  • Impersonal a/c
_______ is an artificial personal A/c.
  • ICICI Bank A/c
  • Goodwill A/c
  • Mohan A/c
  • Building A/c
Purchase of office equipment for cash would cause __________.
  • Cash in hand to decrease
  • External liability to decrease
  • Total liabilities to increase
  • Total assets to increase
Accrued wages is a ____________.
  • Personal A/c
  • Suspense A/c
  • Real A/c
  • Representative personal A/c
In the particulars account the name of the account to be credited is entered at ______ place with a prefix 'To' _____________________.
  • in confirmation of the name of the account to be debited
  • next line to the account name that is to debited
  • any where in the journal
  • none of the above
Which of the following is a Real A/c?
  • Building A/c
  • Preliminary Expenses
  • Discount received A/c
  • Ram Mohan A/c
Cash withdrawn from bank for business purpose would cause ____________.
  • Increase in current assets
  • No change in assets and liabilities
  • Increase in owner's equity
  • Increase in new working capital
Purchase of RBI bonds for cash would lead to ____________.
  • No change in total assets
  • Total assets to decrease
  • Total assets to increase
  • Total liabilities to increase
Bank A/c is a __________.
  • Real a/c
  • Nominal a/c
  • Personal a/c
  • Dummy a/c
Real a/c can have a _______ balance only.
  • credit 
  • debit 
  • both
  • None
Sales proceed of own flat put in business by proprietor would cause ____________.
  • Cash in hand and owners capital to increase
  • External liability to decrease
  • Total liabilities to increase
  • Total assets remain unchanged
Rs. 2100 received from Mr. David which was earlier written off as bad debt will be credited to ___________.
  • David A/c
  • Debtors A/c
  • Bad debts recovered A/c
  • profit and loss A/c
In Real A/c credit means _______.
  • what comes in
  • what goes out
  • income
  • losses
In Real A/c debit means __________.
  • what comes in
  • what goes out
  • income
  • losses
A journal is also known by_____.
  • Account current
  • Book of original entry
  • Purchase day book
  • Current Account
In Nominal a/c credit means ____________.
  • what comes in
  • what goes out
  • income/gains
  • losses
When a entry involves two or more accounts it is called ________.
  • Simple entry
  • Double entry
  • Compound entry
  • Complex entry
In Nominal A/c debit means _________.
  • What comes in
  • What goes out
  • Income
  • Expenses/losses
Book of Original entry is called _____.
  • a journal
  • memorandum A/c
  • kachha record
  • voucher
An entry made in the journal is called _______.
  • Journal entry
  • Diarizing
  • Recording
  • Narration
How many columns are in a journal?
  • 4
  • 5
  • 6
  • 3
An entry for a transaction that affects more than two accounts is known as
  • Complex Entry
  • Compound Entry
  • Single Entry
  • Duplicate Entry
Voucher is documentary evidence in support of......
  • Transaction
  • Event
  • Claim
  • Adjustment
0:0:1


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers