Accounts 11th

Accounts 11th

11th Grade

20 Qs

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Accounts 11th

Accounts 11th

Assessment

Quiz

Other

11th Grade

Hard

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NAJMUNNISHA 19

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20 questions

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1.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

Main objective of preparing ledger account is to______

Ascertain the profit or loss

Ascertain the financial position

Know the balance of each ledger account

Ascertain the profit or loss and the financial position

2.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

The process of transferring the debit and credit items from journal to ledger accounts is called ……………..

Posting

Casting

Balancing

Journalising

3.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

JF means ……………..

Ledger page number

Order number

Voucher number

Journal page number

4.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ……………..

Casting

Balancing

Posting

Journalising

5.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

If the total of the debit side of an account exceeds the total of its credit side, it means

Credit balance

Debit balance

Nil balance

Debit and credit balance

6.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

The trial balance contains the balances of ………………

Only real accounts

Only personal accounts

All accounts

Only nominal accounts

7.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

A list which contains balances of accounts to know whether the debit and credit balances are matched is ………………

Day book

Trial balance

Balance sheet

Journal

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