NEW
Font size
WorksheetsJournal Basics
Total questions: 15
Worksheet time: 8mins
........ is the book in which transaction are first recorded in chronological order
Ledger
Journal
Profit and Loss A/c
Cash Book
.......... means explanation of the transactions recorded in the Journal.
Narration
Journalising
Posting
Casting
The .......... Column of the Journal is not recorded at the time of Journalising.
Date
Particulars
Ledger Folio
Amount
........... Discount is not recorded in the books of accounts.
Trade Discount
Cash Discount
GST
VAT
Goods sold on credit should be debited to..........
Purchase A/c
Customer A/c
Sales A/c
CAsh A/c
The commission paid to the agent should be debited to.....................
Drawing A/c
Cash A/c
Commission A/c
Gent A/c
Loan Taken from Dena Bank should be credited to.......
CApital A/c
Dena BAnk A/c
Cash A/c
Dena Bank Loan A/c
Cash purchase of goods from Gopal should be debited to:
Gopal A/c
Cash A/c
Purchases A/c
Sales A/c
The basic rule of book-keeping, "Debit the Receiver and Credit The Giver"is applicable to:
Personal A/c
Real A/c
Nominal A/c
Valuation A/c
Real Account are related to:
Assets
Customer
Expenses
None
The basic rule of book-keeping, "Debit all expenses and Credit all incomes", is applicable to
Personal A/c
Real A/c
Nominal A/c
None
Goods of the value of Rs.100, withdrawn by the owner for his private use, should be credit to:
Sales A/c
Drawings A/c
Purchases A/c
Expenses A/c
A sum of Rs.300 paid to Vinod for repair of furniture should be debited to:
Furniture A/c
Repair A/c
Vinod A/c
Cash A/c
Trade Discount allowed to customers on sale should be debited to:
Trade Discount Account
Customer's Account
Sales Account
None of These
In Book-keeping "credit" means:
An entry on the right hand side of an account
Increase in Asset
Decrease in Liability
None
