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

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

 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