Accountancy Class 10th Quiz 1.0

By Manoj Yadav / 08/02/2026

Accountancy Class 10th Quiz 1.0

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Accountancy

Accountancy Class 10th Quiz 1.0

Accountancy quiz helps us to increase our knowledge

1 / 20

1. Which is a real account?

A. Wages

B. Rent

C. Machinery

D. Commission

2 / 20

2. Double entry system means—

A. Two accounts affected

B. No entry

C. Only expenses recorded

D. One account

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3. Cash transactions are recorded in—

A. Cash Book

B. Purchase Book

C. Sales Book

D. Journal

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4. Purchase of goods is recorded in—

A. Purchase Book

B. Sales Book

C. Cash Book

D. Journal

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5. Outstanding expenses are—

A. Assets

B. Liabilities

C. Incomes

D. Capital

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6. Revenue means—

A. Income

B. Expense

C. Loss

D. Liability

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7. Which is an asset?

A. Buildings

B. Loan

C. Creditors

D. Outstanding Expenses

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8. Business transactions are recorded in—

A. Ledger

B. Journal

C. Trial Balance

D. Balance Sheet

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9. The main objective of accounting is—

A. To earn profit

B. To provide financial information

C. To collect taxes

D. To give loans

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10. Which is a personal account?

A. Debtors

B. Rent

C. Wages

D. Salary

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11. Which is a nominal account?

A. Cash

B. Furniture

C. Salary

D. Building

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12. The person who invests money in business is called—

A. Manager

B. Owner

C. Debtor

D. Creditor

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13. Capital is—

A. Money invested by owner

B. Salary

C. Rent

D. Loan

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14. The left side of an account is called—

A. Credit

B. Debit

C. Balance

D. Entry

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15. The right side of an account is called—

A. Debit

B. Balance

C. Credit

D. Entry

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16. Expense means—

A. Outflow of money

B. Profit

C. Capital

D. Asset

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17. Accounting is the process of—

A. Recording

B. Summarizing

C. Interpreting

D. All of the above

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18. Which is a liability?

A. Cash

B. Stock

C. Furniture

D. Bank Loan

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19. Which is the first step of accounting?

A. Posting

B. Recording

C. Summarizing

D. Classifying

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20. Sales of goods are recorded in—

A. Purchase Book

B. Sales Book

C. Cash Book

D. Ledger

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