ACC101 List of Questions
Q1 —————– is a permanent record of all transaction book
Cash book
Trial balance
Ledger
Journal
Q2 ————— is the final destination of all transactions in the books of prime entries
Cash book
Trial balance
Ledger
Journal
Q3 The ———– accounts are the accounts of assets
Personal
Real
Nominal
Personal/nominal
Q4 The real sense of placing the book keeping entry in each account is called ————
Trial balance
Entries
Posting
Transactions
Q5 ____ system is an accounting system whereby every transaction that has to be recorded gives rise to two entries
Two column
Single entry
Three column
Double entry
Q6 ____ book is used instead of a cash ledger account in the general ledger
Cash
Petty cash
Voucher
Invoice
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