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Nature of Accou...

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  • Question 1
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    Journal means _______________.

  • Question 2
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    Outstanding salary account is a _______ account.

  • Question 3
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    A book containing a chronological record of business transaction & original record is called a _________.

  • Question 4
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    Which of the following is usually in the 'T' format and contains two sides?

  • Question 5
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    Match List-I with List-II and select the correct answer using the codes given the lists:

    List-I(Types of accounts)List-II(Principles)
    I. Real Accounts(a) Debit the receiver credit the giver
    II. Nominal Accounts(b) Debit what comes in credit what goes out
    III. Personal Accounts(c) Debit all expenses,losses credit all incomes,gains

  • Question 6
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    The word 'Debit' means __________.

  • Question 7
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    Journal is a book of ____________.

  • Question 8
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    Small firms may adopt _________.

  • Question 9
    1 / -0

    The following comments each relate to the recording of journal entries. Which statement is true?

  • Question 10
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    Which of the following is not a subsidiary book?

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