MCQ Chapter 4 Accountancy Class 11 Maharashtra Board Ledger 1. The balance of a Real Account is carried forward asBy balance b/dTo balance c/dTo balance b/dTransferred to Profit and LossQuestion 1 of 202. Discount Allowed account is classified as aReal AccountNominal AccountPersonal AccountContra AccountQuestion 2 of 203. In case of credit side being greater than debit side, the account showsNegative balanceDebit balanceCredit balanceZero balanceQuestion 3 of 204. ‘To balance b/d’ is shown on which side of the account?LeftCreditRightDebitQuestion 4 of 205. Accounts Receivable in the ledger refers toExpensesDebtorsCreditorsFixed AssetsQuestion 5 of 206. Journal Folio column is used to writeLedger page numberTransaction amountJournal page numberVoucher numberQuestion 6 of 207. A ledger account is divided intoThree sectionsOne columnDebit and Credit sidesLedger sheet and indexQuestion 7 of 208. Which of the following is not an objective of Ledger?Ascertain financial positionPrepare income statementsRecord transactionsPlan future activitiesQuestion 8 of 209. Which column in the ledger helps in locating journal entries?ParticularsJournal FolioDateAmountQuestion 9 of 2010. Ledger folio number is written inTrial balanceCash bookJournalVoucherQuestion 10 of 2011. When the debit side of an account exceeds the credit side, the balance isPositiveCreditZeroDebitQuestion 11 of 2012. Which ledger account shows the amount of goods returned by the customer?Sales AccountPurchases AccountSales Return AccountPurchase Return AccountQuestion 12 of 2013. In the ‘T’ form of ledger, the right side indicatesDebitCreditCash onlyJournal referenceQuestion 13 of 2014. Trial Balance is prepared toKnow profit or lossRecord salesVerify cash balanceCheck arithmetic accuracyQuestion 14 of 2015. Credit balance of a personal account indicatesDebtorAssetCreditorProfitQuestion 15 of 2016. What is shown on the debit side of a Purchase Account?ReturnsCredit purchasesTotal purchasesCash purchases onlyQuestion 16 of 2017. A Nominal Account showsInventoryExpenses and incomesReal assetsLiabilitiesQuestion 17 of 2018. What type of account is Capital Account?PersonalRealNominalIntangibleQuestion 18 of 2019. If a customer pays cash, which account is debited?SalesCashDebtor’sDiscountQuestion 19 of 2020. What is used to identify the ledger page in the journal?L.F.J.F.ReferenceIndexQuestion 20 of 20 Loading...
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