Accountancy Class 10th Quiz 1.1

By Manoj Yadav / 08/02/2026

Accountancy Class 10th Quiz 1.1

0 votes, 0 avg

Accountancy

Accountancy Class 10th Quiz 1.1

Accountancy quiz helps us to increase our knowledge

1 / 20

1. Wages paid for installation of machinery—

A. Capital expenditure

B. Revenue expenditure

C. Income

D. Income

2 / 20

2. Ledger balancing means—

A. Closing accounts

B. Opening accounts

C. Adding totals

D. Checking journal

3 / 20

3. Ledger is also known as—

A. Book of Original Entry

B. Subsidiary Book

C. Cash Book

D. Principal Book

4 / 20

4. A credit note is issued when—

A. Goods are sold

B. Salary is paid

C. Loan is taken

D. Goods are returned

5 / 20

5. Bank overdraft is—

A. Asset

B. Liability

C. Income

D. Expense

6 / 20

6. Goods returned by customer is—

A. Sales return

B. Expense

C. Liability

D. Purchase return

7 / 20

7. Posting means—

A. Transferring entries to ledger

B. Checking totals

C. Balancing

D. Writing in journal

8 / 20

8. Purchase of furniture is—

A. Capital Expenditure

B. Revenue Expenditure

C. Income

D. Loss

9 / 20

9. Journal is also called—

A. Book of Original Entry

B. Book of Final Entry

C. Ledger

D. Cash Book

10 / 20

10. Cash Book acts as—

A. Journal only

B. Ledger only

C. Both journal & ledger

D. None

11 / 20

11. Which has both debit & credit side?

A. Journal

B. Trial Balance

C. Ledger

D. Invoice

12 / 20

12. Cash discount is allowed at the time of—

A. Cash purchase

B. Cash sales

C. Early payment

D. Late payment

13 / 20

13. Contra entry appears in—

A. Journal

B. Pass Book

C. Cash Book

D. Purchase Book

14 / 20

14. Invoice is issued at the time of—

A. Sales

B. Cash payment

C. Loan

D. Purchase

15 / 20

15. Purchase return is recorded in—

A. Purchase Book

B. Sales Book

C. Purchase Return Book

D. Journal

16 / 20

16. Ledger folio is used for—

A. Finding page number

B. Entry checking

C. Balancing

D. Debit/Credit

17 / 20

17. Trade discount is—

A. Recorded in books

B. Not recorded

C. Written in ledger

D. Posted to cash book

18 / 20

18. Narration is written in—

A. Trial Balance

B. Journal

C. Ledger

D. Cash Book

19 / 20

19. Bank Reconciliation Statement is prepared by—

A. Bank

B. Accountant

C. Customer

D. Manager

20 / 20

20. A debit note is issued when—

A. Goods are bought

B. Goods are returned

C. Cash is paid

D. Rent is paid

Your score is

The average score is 0%

All Courses	View List \| Enroll Now
Mock Tests/Quizzes	View All
Student Registration	Register Now
Become an Instructor	Apply Now
Dashboard	Click Here
Student Zone	Click Here
Our Team	Meet the Members
Contact Us	Get in Touch
About Us	Read More
Knowledge Base	Click Here
Classes/Batches: Class 6th to 12th, BA, B.Sc, B.Com (All Subjects) — Online & Offline Available	Click Here
Exam Preparation: SSC, Railway, Police, Banking, TET, UPTET, CTET, and More	Click Here
Shree Narayan Computers & Education Center	Home Page