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Showing posts from June, 2023

Source Documents and preparation of vouchers Quiz-1

Source Documents and preparation of vouchers Quiz-1 Index => Source Documents and preparation of vouchers Quiz-1 Quiz Show all questions <=   => Which of the following transactions is a voucher prepared for? ?   Cash or credit purchase ?   Cash or credit sale ?   Cash received and paid ?   All of the above What is the typical source of a pay-in slip? ?   The customer receiving payment from a business. ?   The bank issuing the pay-in slip to account holders. ?   The supplier providing goods or services to a business. ?   The employee receiving their salary from an employer. What is the main purpose of a cash memo? ?   To request payment from a customer. ?   To record cash transactions made by a business. ?   To provide evidence of a credit sale. ?   To authoriz...

Rules of Debit and Credit Quiz-1

Rules of Debit and Credit Quiz-1 Index => Rules of Debit and Credit Quiz-1 Quiz Show all questions <=   => Which of the following is not an Artificial Personal Account: ?   Joint-stock company ?   ISC Board Account ?   Government Account ?   Kapil’s Account “Goods Sold on Credit to Dinesh” Which two accounts are affected: ?   Sales Account, Cash Account ?   Cash Account, Dinesh’s Account ?   Sales Account, Dinesh’s Account ?   Purchase Account, Dinesh’s Account Capital Account is an example of: ?   Nominal Account ?   Real Account ?   Representative Personal Account ?   Personal Account Which of the following is not a Real Account: ?   Bank Account ?   Land and Building Account ?   Fixtur...