WorksheetsJPA Basics Of Accounts
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Amount which is not recoverable from customer is known as
a)
Bad Debts
b)
Debts
c)
Debtors
d)
Doubtful Debts
2.
Accounts must be honestly prepared and they must disclose all material information is known as
a)
Entity Concepts
b)
Dual Aspect Concept
c)
Disclosure Concept
d)
Cost Concept
3.
A commodity in which a trader deals is known as
a)
Goods
b)
Income
c)
Property
d)
Expenditure
4.
The immediate recognition of loss is supported by principle of
a)
Conservatism
b)
Objective
c)
Matching
d)
Consistency
5.
An act of exchange of things or services between the two parties is termed as
a)
Ledger
b)
Transfer
c)
Transaction
d)
Narration
6.
Every debit has corresponding . . . . . . . . . . . . . .
a)
Debit
b)
Credit
c)
Right hand side
d)
None of these
7.
Radha`s Account is a type of……………account
a)
Nominal
b)
Personal
c)
Real
d)
Expenses
8.
Machinery Account is…………..account
a)
Nominal
b)
Income
c)
Real
d)
Personal
9.
Goodwill is…………..asset
a)
Tangible
b)
Current
c)
an intangible
d)
None of these
10.
Debit the receiver, Credit the . . . . . . . . . . . . . .
a)
Goes out
b)
Giver
c)
Income and gains
d)
Comes in
11.
Capital account is a real account.
a)
True
b)
False
12.
Discount received is a nominal account.
a)
True
b)
False
13.
Drawings account is a nominal account.
a)
True
b)
False
14.
Loan account is personal account.
a)
True
b)
False
15.
Personal transactions of proprietor are recorded in the books of account of business.
a)
True
b)
False
100 %
