Question

(10
own :
Accounting is known as
(A) Historical accounting
(B) Future accounting
(C) Present accounting
(D) Unnecessary accounting
Which of one following charastistics is not applicable to economic transaction ?
(A) Cash Transaction
(B) Credit Transaction
(C) External Transaction
(D) Transaction without monetary value
B) Which tax is applicable for supply of outside state/union territory?
(A) CGST
(B) IGST
(C) SGST
(D) UTGST
+) Journal is a
of accounting transaction.
(A) original book (B) main book (C) Chsing book (D) Other book
5) When revenue income received in cash
(A) increase in assets – increase in liability (B) increase in assets - decrease in liability
(C) increase in assets – increase in capital (D) increase in capital - decrease in liability
Credit Purchase will be recorded in
(A) Purchase Return Book
(B) Purchase Book
(C) Cash Book
(D) Journal Proper
A subsidiary book prepared to keep a record of cash transactions is
(A) Purchase book (B) Sales Book (C) Cash book (D) Bills payable book
Transactions which are not recorded in other subsidiary books are recorded in
(A) Journal
(B) Journal proper
(C) Cash book (D) Other Book
What is called a 'king of books'?
(A) Journal Book
(B) Journal Proper Book
(C) Ledger Book
(D) Book for noting of transactions
After which stage trial balance is prepared ?
(A) after journal (B) after adjustment (C) after ledger (D) before ledger
0)​

Answer 1

Explanation:

1 historical accounting

2 Transaction without monetary value

3 SGST

4 original book

5 increase in assets - decrease in liability

6purchase book

7 cash book

8 journal proper

9 ledger book

10 after journal