Basics of Accounting Bit Bank for APPSC | Panchayat Secretary | IBPS | SBI

Basics of Accounting

 1) Prepaid salary account is a ————–. ?
Answer :: Personal Account

 2) Interest received account is a ————. ?
Answer :: Nominal Account

 3) Accrued interest is a —————-. ?
Answer :: Personal Account

 4) Interest receivable is a ————–.?
Answer :: Personal Account

 5) Cash account is a——————–. ? Answer :: Real Account

Bank account is a ——————-. ?
Answer :: Personal Account

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 6) Advance to employee is a————————–. ?
Answer :: Personal Account

 7) Advance to suppliers is a ———————. ?
Answer :: Personal Account

 8) Goodwill is a —————————-.?
Answer :: Real Account

 9) Patent, Copyright, Trademark are ——————–. ?
Answer :: Real Account

 10) Bad debt and Bad debt recovered are——————-. ?
Answer :: Nominal Account

 11) A free sample account is ———————-. ?
Answer :: Nominal Account

 12) Cash book is a type of ————- but treated as —————?
Answer :: Subsidiary Book, Principal Book of Account

 13) Cash book is used to record ———–?.
Answer :: All receipts and payments of cash

 14). A cheque which is payable across the bank counter is a—————?.
Answer :: Bearer cheque

 15). The balance in petty cash book represents —————.?
Answer :: An asset

 16). Purchase book is used to record all ————?.
Answer :: Credit purchase of goods

 17). Sale book is used to record all ——————?.
Answer :: Credit sales of goods

 18). B/R book is a ——————–?.
Answer :: Part of Journal

 19). Purchase book, sale book is a —————–.?
Answer :: Part of Journal

 20). Goods taken by proprietor for personal use will be recorded in ———–?.
Answer :: Journal proper