Preparation Of Journal Ledger Account Trial Bank Reconciliation Statement CBSE Questions & Answers

Preparation Of Journal Ledger Account Trial Bank Reconciliation Statement

This is Accountancy class 11 preparation of Journal ledger account trial bank reconciliation statement CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
What is the nature of Cash Account?
  • A
    None of these
  • B
    Personal Account
  • C
    Nominal Account
  • D
    Real Account
    Correct
2
According to Personal Account what will be debited?
  • A
    All expenses and losses
  • B
    What comes on
  • C
    Receiver
    Correct
  • D
    What goes out
3
According to Real Account what will be credited?
  • A
    Giver
  • B
    Income & Gain
  • C
    What goes out
    Correct
  • D
    What comes in
4
According to Modern approach, decrease in assets will be?
  • A
    Added to the liability
  • B
    Credit
    Correct
  • C
    Deducted from the liability
  • D
    Debit
5
According to Traditional Approach there are three types of Accounts ;
  • A
    Personal, Real, Nominal
    Correct
  • B
    Personal , Real , Assets
  • C
    Personal, Expense, Nominal
  • D
    Revenue , Real , Nominal
6
Purchased Machinery for cash should be debited to :
  • A
    Machinery A/c
    Correct
  • B
    Purchase A/c
  • C
    None of these
  • D
    Cash A/c
7
Sold goods to Ram Lal on credit should be debited to :
  • A
    Sales A/c
  • B
    Ram Lal's A/c
    Correct
  • C
    None of these
  • D
    Cash A/c
8
Cash withdrawn from business by the owner should be debited to
  • A
    Drawings A/c
    Correct
  • B
    None of these
  • C
    Cash A/c
  • D
    Bank A/c
9
Cash received from Lucky, previously written off as bad debt should be credited to :
  • A
    Bad Debt Recovered A/c
    Correct
  • B
    Cash A/c
  • C
    None of these
  • D
    Lucky?s A/c
10
Life insurance premium paid will be treated as :
  • A
    Insurance Premium
  • B
    Real A/c
  • C
    Drawings
    Correct
  • D
    Nominal A/c
11
Goods given as charity would be :
  • A
    Drawings
  • B
    Personal A/c
  • C
    Real A/c
  • D
    Nominal A/c
    Correct
12
Received 400 from Rakesh which was written off as bad debts previously will be credited as :
  • A
    Bad debts Recovered A/c
    Correct
  • B
    Rakesh's A/c
  • C
    Bad Debts A/c
  • D
    Drawings A/c
13
Prepaid expenses are :
  • A
    Bad debts
  • B
    Drawings
  • C
    Assets
    Correct
  • D
    Liability
14
Compound entry is related with :
  • A
    Purchase A/c
  • B
    Single Entry
  • C
    More than two accounts
    Correct
  • D
    One debit and one credit
15
Outstanding expense are :
  • A
    Bad debts
  • B
    Liability
    Correct
  • C
    Asset
  • D
    Drawings