WorksheetsBook Keeping & Accountancy
Total questions: 27
Worksheet time: 9mins
Name
Class
Date
1.
Commission received is Nominal Account.
a)
True
b)
False
2.
Outstanding wages is a Nominal Account.
a)
True
b)
False
3.
Bank of India is an example of Real Account.
a)
True
b)
False
4.
An order placed for the goods, entry is recorded in the books of accounts.
a)
True
b)
False
5.
Every transaction has only one effect.
a)
True
b)
False
6.
Double entry system is a scientific method of book-keeping.
a)
True
b)
False
7.
Conventional system of accounting cannot give a complete picture of all transactions.
a)
True
b)
False
8.
Transactions affecting cash balance only are recorded in the books of accounts.
a)
True
b)
False
9.
Ram’s account is a real account.
a)
True
b)
False
10.
Discount received is a personal account.
a)
True
b)
False
11.
Goods account is debited when machinery is purchased.
a)
True
b)
False
12.
Three fold effects are always given while recording the transaction as per double entry system.
a)
True
b)
False
13.
Double entry system is very unscientific.
a)
True
b)
False
14.
Sales Account is Nominal Account.
a)
True
b)
False
15.
Accrued Interest is a Personal Account.
a)
True
b)
False
16.
Right hand side of an account is called debit side.
a)
True
b)
False
17.
To debit an account means to enter an item on its credit side.
a)
True
b)
False
18.
Two personal accounts are maintained for the proprietor of the business.
a)
True
b)
False
19.
The Capital Nc is a real account.
a)
True
b)
False
20.
Bank of India A/c is a personal account.
a)
True
b)
False
21.
Outstanding Wages A/c is a nominal A/c.
a)
True
b)
False
22.
Debit the receiver and credit the giver is the rule of real account.
a)
True
b)
False
23.
Debit all incomes and gains and credit all expenses and losses is the rule of nominal account.
a)
True
b)
False
24.
Rent paid for proprietor’s residential flat should be debited to Rent A/c.
a)
True
b)
False
25.
Mahesh’s A/c should be debited for rent paid to Mahesh.
a)
True
b)
False
26.
Real A/c should be debited when somethings go out from the business.
a)
True
b)
False
27.
Recoverable debts from the debtors are called bad debts.
a)
True
b)
False
100 %
