Top 1000+ Solved Financial Accounting MCQ Questions Answer

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From 1771 to 1785 of 1818
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Q. Cash book shows ___________balance when there is an O.D.

a. Debit

b. Credit

  • b. Credit
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Q. When bank charge incurred, overdraft will be __________________________

a. increased

b. decreased

  • a. increased
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Q. __________________ balance in cash book indicate deposit balance

a. Credit

b. Debit

  • b. Debit
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Q. Special journal are also called________________

a. Journal

b. Ledger

  • c. Day boo
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Q. Cash book is a ____________

a. Journal

b. Ledger

  • c. Journal & ledge
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Q. All cash purchases are entered in the _____________book

a. Cash

b. Purchase

  • a. Cash
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Q. Discount columns in the cash book are

a. Totaled

b. Balanced

  • a. Totaled
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Q. The book that records small payment.

a. Single column

b. Double column

  • c. Petty cash boo
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Q. A petty cash book is usually kept under system

a. Mercantile

b. Cash system

  • c. Import syste
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Q. If both the aspects of a same transaction appear in one account, it is called _______entry

a. Simple journal entry

b. Compound

  • b. Compound
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Q. Journal is a book of ______entry

a. Original

b. Secondary

  • a. Original
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Q. Ledger is a book of ___________entry

a. Original

b. Secondary

  • b. Secondary
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Q. Recording of transaction in the journal is called

a. Journalizing

b. Posting

  • a. Journalizing
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Q. Recording of transaction in ledger is called as

a. Journalizing

b. Posting

  • b. Posting
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Q. Capital account is ________________ account

a. Personal

b. Real

  • a. Personal
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