301. Bank charges by the bank are recorded on the:
A. Debit side of the cash book
B. credit side of the cash book
C. Both credit and debit side
D. None of them

302. good purchased on credit will be recorded in :
A. Sales book
B. purchase book
C. purchase return book
D. Journal proper

303. The ‘Imprest system’ is used in relation to:
A. Sales book
B. Purchases book
C. Petty cash book
D. Journal

304. Cash book is a:
A. Memorandum book
B. Secondary book
C. Principal book
D. All the above

305. The proof of equality of debit and credit balance is called:
A. Balance sheet
B. Journal
C. Ledger
D. Trial balance

306. A trial balance is an:
A. Account
B. Statement
C. Subsidiary book
D. Schedule

307. Trial balance is prepared:
A. Every bay
B. Every bay
C. Quaterly
D. In the end of accounting prepared

308. Trial balance helps in preparing:
A. Trading account
B. Profit and boss account
C. balance sheet
D. All the above

309. Trial balance is prepared from:
A. Journal
B. Ledger
C. Cash book
D. Subsidiary book

310. Ledger of a business is a:
A. Principal book
B. Subsidary book
C. Memoramdum book
D. Book of original entry

NOTE
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