Accounts Quiz- Tanush Bansal

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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

10 Questions2 MinutesCreated by CalculatingCloud784

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

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

Accounts Quiz- Tanush Bansal

Accounts Quiz - Test Your Knowledge

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