CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Nature Of Accounts And Rules Of Debit And Credit Quiz 7 - MCQExams.com

Location of the debit column is ____________.
  • in contravention with particulars
  • in front of the particulars column where the amount is debited
  • in front of the particulars column where the amount is credited
  • not present anywhere in the journal
Journalizing is ___________.
  • process of having the source of transactions
  • process of recording transactions in the journal
  • process of having the sources of transactions for journal
  • none of the above
A chronological record of transaction may be found in _______.
  • Balance Sheet
  • Trial Balance
  • Ledger
  • Journal
Which does not appear in a purchases ledger control account?
  • Bad debts
  • Discount received
  • Goods returned to creditors
  • Interest charged by supplier
A Company makes a purchase on 10th may, some office equipment. The correct journal entry will be Debit                                           Credit
Office equipment                 Supplies
Purchases                          Office equipment
Accounts payable              Office equipments
Office equipment               Accounts payable
  • 1
  • 2
  • 3
  • 4
The data and month of the first entry are written ___________.
  • On the next line of the date column
  • On the same line of the date column
  • On a line above the date column
  • At the left of the date column
Of the following account types, which would be increased by a debit?
  • Liabilities and expenses
  • Assets and equity
  • Assets and expenses
  • Equity and revenues
A chronological record of transactions may be found in ________.
  • Trial Balance
  • Journal
  • Balance Sheet
  • Ledger
The reason for totaling at the end of the page of a journal is ______________.
  • It makes whole system more convenient
  • As the calculations are lengthy it is more comfortable
  • It is a general practice
  • All of the above
A brief explanation recorded in every entry in general is commonly known as ____________.
  • narration
  • explanation
  • summary
  • other information
Generally journal is kept in a ______________.
  • Mathematical method
  • Columnar method
  • Straight method
  • None of the above
The other name of journal is ________.
  • Ledger
  • T account
  • Day book
  • Cash book
A Sale of Rs. 100 to 'A' recorded in the Purchase Book would affect __________________.
  • Purchases Account and A's Personal Account Only
  • Sale Account and A's Personal Account Only
  • A's Personal Account Only
  • Sales Account, Purchases Account & A's Personal Account
Every business transaction affects at least _______ accounts.
  • One
  • Two
  • Three
  • Infinite
Of the following account types, which would be increased by a debit_________.
  • 'Liabilities and expenses
  • Assets and equity
  • Assets and expenses
  • Equity and revenues
The document issued by any bank on behalf of the importer, promising to pay the money for imported goods is called _______________.
  • Letter of credit
  • Debt Card
  • Bank Draft
  • None of the above
A cheque for Rs. $$10,000$$ received from Ramesh, a trade debtor, should be accounted for as __________________.
  • Debit- Bank A/c, Credit- Ramesh A/c
  • Debit- Cash A/c, Credit- Sales A/c
  • Debit- Ramesh A/c, Credit- Cash A/c
  • Debit- Cash A/c, Credit- Ramesh A/c
Journal and ledger records transactions in _________________.
  • A chronological order and analytical order respectively.
  • An analytical order and chronological order respectively.
  • A chronological order only
  • An analytical order only
The bank statement reports a credit transfer of Rs. $$4,000$$ from a customer. Accounting entries for this is?
  • A debit in the cash account and a credit the account of the debtor concerned
  • A debit in the bank account and a credit in the cash account
  • A debit in the bank account and a credit in the account of the customer concerned
  • A debit in the account of the debtor concerned and a credit in the bank account
Journal is the book of _______ in which every transaction is recorded before being posted into the ledger. 
  • Primary entry
  • Secondary entry
  • Third entry
  • None of above
The purchase of supplies for cash will result in an _______________.
  • Increase in cash and a decrease in capital
  • Increase in cash and an increase in supplies
  • Increase in supplies and a decrease in cash
  • Increase in equipment and an increase in capital
The rule for real accounts is _______________.
  • debit the receiver, credit the goes out
  • debit what comes in, credit what goes out
  • debit all expenses and losses, cedit all incomes and gains
  • all of the above
Journal has _______ columns. 
  • $$4$$
  • $$5$$
  • $$3$$
  • $$6$$
Another name of journal is _____________.
  • Specialized journal
  • Day book
  • Cash book
  • Record book
Goods purchased on credit is an example of ___________.
  • Increase in Asset & Owner's Liability
  • Decrease in Asset & Owner's Liability
  • Increase in Liability & Owner's Liability
  • Increase in assets and liabilities
  • Increase in Liability & Decrease in Owner's Liability
Goods purchased for cash is an example of __________.
  • Increase in Asset & Owner's Liability
  • No change in total assets and total liability.
  • Increase in Liability & Owner's Liability
  • Decrease in Liability & Increase in Owner's Liability
  • Increase in Liability & Decrease in Owner's Liability
Goods returned to supplier is an example of __________.
  • Increase in Asset & Owner's Liability
  • Decrease in Asset & Owner's Liability
  • Increase in Liability & Owner's Liability
  • Decrease in Liability & Increase in Owner's Liability
  • Increase in Liability & Decrease in Owner's Liability
Discount Received is an example of __________.
  • Increase in Asset & Owner's Liability
  • Decrease in Asset & Owner's Liability
  • Increase in Liability & Owner's Liability
  • Decrease in Liability & Increase in Owner's Liability
  • Increase in Liability & Decrease in Owner's Liability
Goods returned by a customer is an example of _____________________.
  • Increase in Asset & owner's liability
  • Decrease in Asset & owner's liability
  • Increase in Liability & owner's liability
  • Decrease in Liability & Increase in owner's liability
  • Increase in Liability & Decrease in owner's liability
Goods sold on credit is an example of __________.
  • No Change in Asset & Owner's Liability
  • Decrease in Asset & Owner's Liability
  • Increase in Liability & Owner's Liability
  • Decrease in Liability & Increase in Owner's Liability
  • Increase in Liability & Decrease in Owner's Liability
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers