Business Management MCQs with Answer for Exam & Test Preparation


311. The process of transferring debit and credits from journal to ledger account is called:
A. Pasting
B. Balancing
C. Recording
D. Totaling

312. Which of the following account will invariably have a debit balance ?
A. Bank account
B. Amount receivable
C. Amount payable account
D. Loan account

313. Left hand side of account is known as:
A. Assets side
B. Liabilities side
C. Debit side
D. Credit side

314. The balance of cash account shows:
A. Cash in hand
B. New expenditure
C. Net income
D. None of the above

315. The difference between debit side and credit side of an account is known as:
A. Totaling
B. Posting
C. Balancing
D. Balance

316. The transaction are recorded in ledger:
A. Year wise
B. Month wise
C. Data wise
D. Account wise

317. Credit balance of a ledger account is denoted by:
A. Excess of credit side over debit side
B. Excess of debit side over credit side
C. Equality of debit and credit
D. All of the above

318. Real account generally shows:
A. Debit balance
B. Credit balance
C. Nil balance
D. Any balance

319. Number of columns in a journal is:
A. Two
B. three
C. Four
D. Five

320. Each journal entry involves a minimum of :
A. Two account
B. Three account
C. Four account
D. One account

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101

This Post Has 9 Comments

  1. Spencer Bovard 22 Dec 2021 Reply

    I’ll immediately grab your rss feed as I can’t in finding your e-mail subscription link or newsletter service. Do you’ve any? Please permit me recognise so that I could subscribe. Thanks.|

  2. Caridad Outley 22 Dec 2021 Reply

    I absolutely love your website.. Great colors & theme. Did you create this site yourself? Please reply back as I’m attempting to create my own personal website and would love to know where you got this from or exactly what the theme is called. Cheers!|

  3. Margaret Fechtel 23 Dec 2021 Reply

    Hi there, its fastidious paragraph about media print, we all be aware of media is a wonderful source of facts.|

  4. Jeff Vanwassenhove 23 Dec 2021 Reply

    Hey! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in exchanging links or maybe guest authoring a blog article or vice-versa? My website goes over a lot of the same topics as yours and I feel we could greatly benefit from each other. If you happen to be interested feel free to shoot me an email. I look forward to hearing from you! Great blog by the way!|

  5. Nolan Mcgrant 23 Dec 2021 Reply

    Hello! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading through your blog posts. Can you suggest any other blogs/websites/forums that go over the same topics? Thanks a lot!|

  6. Jeremy Urbina 23 Dec 2021 Reply

    Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|

  9. houston junk car buyer 4 May 2022 Reply

    This is a great tip particularly to those fresh to the blogosphere.

    Brief but very accurate information… Thank
    you for sharing this one. A must read article!

Leave a Reply