Accountancy Class 10th Quiz 1.1

By Manoj Yadav / 08/02/2026

Accountancy Class 10th Quiz 1.1

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Accountancy

Accountancy Class 10th Quiz 1.1

Accountancy quiz helps us to increase our knowledge

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1. Goods returned by customer is—

A. Sales return

B. Expense

C. Liability

D. Purchase return

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2. Which has both debit & credit side?

A. Journal

B. Trial Balance

C. Ledger

D. Invoice

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3. Bank overdraft is—

A. Asset

B. Liability

C. Income

D. Expense

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4. Purchase return is recorded in—

A. Purchase Book

B. Sales Book

C. Purchase Return Book

D. Journal

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5. Purchase of furniture is—

A. Capital Expenditure

B. Revenue Expenditure

C. Income

D. Loss

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6. Narration is written in—

A. Trial Balance

B. Journal

C. Ledger

D. Cash Book

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7. Ledger balancing means—

A. Closing accounts

B. Opening accounts

C. Adding totals

D. Checking journal

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8. A debit note is issued when—

A. Goods are bought

B. Goods are returned

C. Cash is paid

D. Rent is paid

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9. Wages paid for installation of machinery—

A. Capital expenditure

B. Revenue expenditure

C. Income

D. Income

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10. Cash discount is allowed at the time of—

A. Cash purchase

B. Cash sales

C. Early payment

D. Late payment

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11. Cash Book acts as—

A. Journal only

B. Ledger only

C. Both journal & ledger

D. None

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12. Contra entry appears in—

A. Journal

B. Pass Book

C. Cash Book

D. Purchase Book

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13. Trade discount is—

A. Recorded in books

B. Not recorded

C. Written in ledger

D. Posted to cash book

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14. Invoice is issued at the time of—

A. Sales

B. Cash payment

C. Loan

D. Purchase

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15. A credit note is issued when—

A. Goods are sold

B. Salary is paid

C. Loan is taken

D. Goods are returned

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16. Ledger folio is used for—

A. Finding page number

B. Entry checking

C. Balancing

D. Debit/Credit

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17. Journal is also called—

A. Book of Original Entry

B. Book of Final Entry

C. Ledger

D. Cash Book

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18. Posting means—

A. Transferring entries to ledger

B. Checking totals

C. Balancing

D. Writing in journal

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19. Ledger is also known as—

A. Book of Original Entry

B. Subsidiary Book

C. Cash Book

D. Principal Book

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20. Bank Reconciliation Statement is prepared by—

A. Bank

B. Accountant

C. Customer

D. Manager

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