Welcome to your 13th AUG NATURE OF ACCOUNTS AND RULES OF ACCOUNTS QUIZ 1 CBT TEST
Fill the Details mentioned below and Attempt the Test.
Name
Email
School Name with City
Phone Number
Sundry Creditors Account is a
Revenue Account
Capital Account
Liability Account
None of these
Drawings Account is a
Personal Account.
Real Account.
Nominal Account.
None of these.
Sale of goods to Ram for cash is debited to
Ram.
Cash A/c.
Sales A/c.
None of these.
Goodwill account is a
Personal Account.
Real Account.
Nominal Account.
None of these.
Debit means
An increase in asset.
An increase in liability.
An increase in the proprietary’s equity.
A decrease in asset.
Which of the following accounts has a credit balance?
Carriage Inward
Discount Received
Carriage Outward
Discount Allowed
Withdrawal of cash from business by the proprietor is credited to
Drawings A/c.
Capital A/c.
Cash A/c.
Profit and Loss A/c.
Credit means
An increase in asset.
An increase in liability.
A decrease in liability.
A decrease in the proprietary’s equity.
Balance of Capital Account is shown as
Capital Account
Liability Account
Revenue account
None of these
Bank account is a
Personal Account.
Real Account.
Nominal Account.
None of these.
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