11th Principles of Accounting MCQS Chapter 4

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11th Principles of Accounting MCQS
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The owner of the business is known as:
Sale man
Employee
Agent
Proprietor

A cash account always shows
Credit Balance
Both a and b
Debit Balance
Nil Balance

Credit Balance of pass book must be equal to debit balance of
Cash Book
Clients other Account
Bank Ledger
None of these

All the direct expenses are charged to:
Trading account
Balance sheet
Profit and loss account
None of these

Petty cash book is a branch of
Cash Book
Ledger
Pass Book
Journal

Unfavourable balance means
Both b and c
Credit Balance in the Pass Book
Credit Balance in the Cash Book
Debit Balance in Bank Statement

In three column cash book, discount column is
Balanced
Totaled
Carry Forward
Both a and b

All the time of endorsement of a bill the drawer credits:
Bill receivable account
The endorser’s personal account
The drawee account
Endorser’s account

In journalizing the page numbers of the ledgers are written in:
The third column of journal
The second column of journal
The first column of journal
The fourth column of journal

The balance of petty cash book is a/an
Income
Asset
Liability
Expense

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