Accounting Mcqs

Page No. 52

Goodwill A/c is a/an__________?


aNominal A/c

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bTangible Asset

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cIntangible Asset

✓


dFictitious Asset

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View Answer Intangible Asset

Which of the following is a Nominal A/c ?


aOutstanding Salary A/c

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bRent A/c

✓


cSBI A/c

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dDebtors A/c

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View Answer Rent A/c

Which of the following is a representative Personal A/c?


aOutstanding Salary A/c

✓


bRent A/c

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cSBI A/c

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dBad debts A/c

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Which of the following is a Real A/c?


aSalary A/c

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bBank A/c

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cBuilding A/c

✓


dGoodwill A/c

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View Answer Building A/c

Which of these is a Part of cash in hand?


aPostage stamps

✓


bB/R

✖


cCheque Deposited with Bank

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dCheque Deposited with Bank

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View Answer Postage stamps

Petty cash balance is a/an___________?


aAssets

✓


bExpenditure

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cLiability

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dNone

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View Answer Assets

Which column of a cash book will not have credit balance___________?


aBank column

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bDiscount column

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cCash column

✓


dNone

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View Answer Cash column

The closing balance of a petty cash book is a / an___________?


aLiability

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bGain

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cAssets

✓


dLoss

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View Answer Assets

Which of these transactions will not be recorded in cash book?


aCash received from debtors

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bCash paid to creditors

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cSalary remained outstanding

✓


dCash deposited with bank

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In a three column cash book_______________does not exist?


aCash column

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bBank column

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cPetty cash column

✓


dDiscount column

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View Answer Petty cash column

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Page 52 of 71

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