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11. Which of the following is a representative Personal A/c?

A. Outstanding Salary A/c
B. Rent A/c
C. SBI A/c
D. Bad debts A/c

12. Which of the following is a Nominal A/c ?

A. Outstanding Salary A/c
B. Rent A/c
C. SBI A/c
D. Debtors A/c

13. Goodwill A/c is a/an__________?

A. Nominal A/c
B. Tangible Asset
C. Intangible Asset
D. Fictitious Asset

14. Posting is the process of____________?

A. Posting the letters in drop box
B. Posting suitable person to a suitable job
C. Entering in the ledger the information contained in the ledger
D. All the three

15. A book wherein various accounts are opened is called____________?

A. Subsidiary books
B. Journal
C. Ledger
D. Trial Balance

16. Which of these is not a special purpose journal?

A. Cash journal
B. Purchase journal
C. Debtors journal
D. Sales journal

17. The periodic total of sales day book is posted to___________?

A. Sales A/c
B. Cash sales A/c
C. Sales return A/c
D. Credit sales A/c

18. The periodic total of purchase day book is posted to____________?

A. Purchase register
B. Purchase A/c
C. Cash purchase A/c
D. Credit purchase A/c

19. Capital expenses are shown in___________?

A. Balance Sheet
B. Profit and Loss A/c
C. Trading A/c
D. None of these

20. Revenue receipts are shown in___________?

A. Balance Sheet
B. Profit and Loss appropriation A/c
C. Manufacturing A/c
D. Trading and Profit and Loss A/c