Accounts Quiz- Tanush Bansal
Accounts Quiz - Test Your Knowledge
Welcome to the Accounts Quiz created by Tanush Bansal! This quiz consists of 10 multiple choice questions designed to test your understanding of accounting principles and concepts.
Whether you're a student, teacher, or accounting enthusiast, this quiz offers:
- Challenging questions
- A chance to enhance your knowledge
- A fun way to learn about accounting
How many types of accounts are there according to the Traditional Approach?
5
4
3
2
All liabilities come under which account?
Real A/c
Personal A/c
Nominal A/c
None
Outstanding salary A/c comes under-
Natural A/c
Representative A/c
Artificial A/c
Nominal A/c
According to modern approach, increase in assets should be-
Debit
Credit
Both
None
What is the rule of Personal A/c?
Debit the reciever, Credit the giver
Debit what comes in, Credit what goes out
Debit all the expnses and losses
Credit all the gains and revenue
If you recieve cash from Ramesh, then-
Cash A/c Debit, Ramesh’s A/c Debit
Cash A/c Credit, Ramesh’s A/c Debit
Cash A/c Credit, Ramesh’s A/c Credit
Cash A/c Debit, Ramesh’s A/c Credit
Machinery and Furniture are included in which account?
Personal
Real
Nominal
None
If the transaction is, ‘Cash ₹5000 paid to Mohan in full settlement of ₹6000’, then which all accounts will be written in the Journal?
Cash A/c, Mohan’s A/c
Cash A/c, Mohan’s A/c, Discount Allowed A/c
Cash A/c, Mohan’s A/c, Discount Recieved A/c
Discount A/c, Mohan’s A/c
If the goods are taken by the proprietor for personal use, then what account is Debit and what account is Credit?
Drawings A/c Debit, Purchase A/c Credit
Capital A/c Debit, Goods A/c Credit
Sales A/c Debit, Goods A/c Credit
Drawings A/c Debit, Sales A/c Credit
The company wrote a cheque to repay a ban owing to Manish, the entries would be-
Debit Loan A/c, Credit Bank A/c
Debit Bank A/c, Credit Loan A/c
Debit Loan Interest, Credit Bank A/c
None of these
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