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Journal

Authored by Arvinder Kaur

Other

11th Grade

Used 777+ times

Journal
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Payment of rupees 6000 as wages to workers for installation of machine should be debited to

Wedges account

Repairs account

Machinery account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods worth rupees 7000 given away as charity should be credited to

Sales account

Purchases account

Charity account

Trustee account

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What should be the amount of capital if cash is Rs5,000,furniture Rs12000,stock Rs30000 and creditors 6,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rupees 5000 received from Mohan whose account was written off as bad in the previous year should be credited to ....

Mohan account

Bad debts account

Bad debts recovered account

None of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Journal records the transactions of the form in a.....

Periodical manner

Chronological order

Summarised manner

Systematic order

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Premium paid on Life insurance policy of the proprietor will be debited to........ Account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anil purchased 1000 pens at the rate of 50 each less trade discount of 20%.. purchase account will be debited by

50000

40000

45000

60000

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