ACCOUNTANCY
MODEL OBJECTIVE TYPE EXAMINATION
PLUS ONE COMMERCE SCORE : 40
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School : *
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District: *
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1. Asset = Capital +Liability. Identify the underlying accounting principle *
1 point
2.Returns of goods from customers which are defective is called ............ *
1 point
3. Identify internal users of accounting information *
1 point
4. Identify odd one *
1 point
5. Decrease in the value of Goodwill is called ........... *
1 point
6.Noting Charges are paid by ........... *
1 point
7. ....................... is known as the position statement *
1 point
8. Opening stock Rs16000, Net purchases Rs.38500, Net sales Rs.76000, Direct expense Rs. 3000, Closing stock Rs 13000. Gross profit = ? *
3 points
9.Mr. Krishnan draws a bill for Rs.18000 on 23/11/2019 for two months.The due date of the bill is ........... *
2 points
10.Cost of a Motor Car is Rs.5,50,000. Estimated Scrap value is Rs. 50,000. Estimated life of the car is 8 years. Annual depreciation is.............. *
3 points
11.Rs.25000 repairs of a second hand plant purchased is debited to Repairs A/c. Identify the type of error *
1 point
12. Bank Reconciliation Statement is prepared by ............ *
1 point
13. The Petty Cash Book is usually prepared under .......... system *
1 point
14. Paid rent to Landlord , Mr. Manoj Rs 4000 is debited to .............A/c *
1 point
15. Balance as per Cash Book is Rs.18000.Direct payment by a customer into bank Rs.2000. While preparing Bank reconciliation statement , Balance as per Pass Book is .................. *
3 points
16. When a Machine purchased for Rs. 3,00,000 from Sudheesh ,it is recorded in ................ book *
1 point
17. A cash book is a .................... *
1 point
18......................... is the income of the state government *
1 point
19. The source document for purchases returns is .......... *
1 point
20. The process of transferring entries from journal to ledger is called .............. *
1 point
21. The details of a sole trader are given below. Capital Rs.3,00,000, Net Profit Rs. 1,00,000, Drawings Rs.50,000, Liabilities Rs. 1,50,000, Cash Rs1,00,000, Other assets = ? *
3 points
22. The Data type for basic pay is ........... *
1 point
23.A unique attribute of an Entity is called ........ *
1 point
24.Odd one out *
1 point
25.Odd one out *
1 point
26.Identify the Drawee from the specimen of following Bill of Exchange *
1 point
Captionless Image
27. Total debtors A/c is prepared to find out ........ *
1 point
28. Statement of affairs is prepared by a single entry trader to calculate ....... *
1 point
29.Find out the amount in respect of bad debt from the following details. Debtors given in Trial Balance 8300. Bad debt given in Trial Balance 600 ,, Further bad debt given in adjustment 300 .. Required to create 5% provision for bad debt on debtors *
2 points
30.Freight given in Trial Balance is taken in ................. while prepering Final accounts
1 point
Prepared by Ullas G Principal Govt. H S S Muttom Thodupuzha
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