Accountancy Class 10th Quiz 1.3

By Manoj Yadav / 08/02/2026

Accountancy Class 10th Quiz 1.3

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Accountancy

Accountancy Class 10th Quiz 1.3

Accountancy quiz helps us to increase our knowledge

1 / 20

1. Drawings reduce—

A. Capital

B. Assets

C. Liabilities

D. Expenses

2 / 20

2. Purchase returns reduce—

A. Sales

B. Purchases

C. Income

D. Expenses

3 / 20

3. Credit purchases increase—

A. Debtors

B. Creditors

C. Cash

D. Bank

4 / 20

4. Who is creditor?

A. One who owes money

B. One who supplies goods on credit

C. Customer

D. Bank

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5. Which is a current liability?

A. Creditors

B. Loan for 5 years

C. Machinery

D. Building

6 / 20

6. Assets =

A. Liabilities – Capital

B. Capital – Cash

C. Capital + Liabilities

D. Expenses + Income

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7. Passbook is issued by—

A. Customer

B. Bank

C. Government

D. Shopkeeper

8 / 20

8. Cash in hand is shown under—

A. Capital

B. Income

C. Liability

D. Current asset

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9. Final accounts are prepared at—

A. End of year

B. Beginning of year

C. Middle of year

D. Anytime

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10. Petty cash book is used for—

A. Small payments

B. Large payments

C. Purchases

D. Sales

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11. Cash received from debtor is—

A. Debit cash

B. Credit cash

C. Debit creditor

D. none

12 / 20

12. Cheque is—

A. Cash

B. Document

C. Credit note

D. Bank statement

13 / 20

13. Who is debtor?

A. One who owes money

B. One who lends money

C. One who deposits money

D. One who sells goods

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14. Stock is—

A. Current asset

B. Fixed asset

C. Liability

D. Expense

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15. Credit sales increase—

A. Debtors

B. Creditors

C. Cash

D. Bank

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16. Bank charges are—

A. Assets

B. Expenses

C. Liabilities

D. Income

17 / 20

17. Goodwill is—

A. Tangible asset

B. Intangible asset

C. Liability

D. Income

18 / 20

18. Trade discount is given to—

A. Retailer

B. Customer

C. Government

D. Bank

19 / 20

19. Salary outstanding is—

A. Asset

B. Liability

C. Capital

D. Income

20 / 20

20. Sales returns reduce—

A. Purchases

B. Sales

C. Expenses

D. Assets

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Accountancy Class 10th Quiz 1.3

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