Accounting - Practice Test

(A) Savings deposit

(B) Current deposit

(C) Fixed deposit

(D) None of these

(C) Fixed deposit

(A) personal account

(B) real account

(C) nominal account

(D) both personal and real account

(A) personal account

(A) Generally Accepted Audit Procedure

(B) Generally Accepted Accounting Principles

(C) General Agreement on Audit Principles

(D) General Agreement on Accounting Principles

(B) Generally Accepted Accounting Principles

(A) A sale of Rs. 20 to Ram entered in the sales book as Rs. 200

(B) Purchase of Rs. 500 credited to Ram instead of Shyam

(C) Sale returns of Rs. 1000 correctly entered in the sales returns book but posted to the debit of Sundar

(D) Cash sale of furniture credited to sales account

(C) Sale returns of Rs. 1000 correctly entered in the sales returns book but posted to the debit of Sundar

(A) Expenses account

(B) Typewriter account

(C) Repairs account

(D) Services account

(C) Repairs account

Accounting - Study Mode