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25 questions
When goods are sold for cash which account is debited
Cash
Bank
Sales
Purchase
Sold goods on credit 5000 to Mrs Mamta. Which account is debited
Mamta
Sales
Cash
Purchase
Purchase a machinery worth 50000 and paid by check, which account is credited
Cash
Bank
Machinery
Purchase
Goods 5000 distributed as free sample which account is debited
Capital
Drawings
Sales
Purchase
Goods of 5000 distributed as free sample which account is credited
Goods
Cash
Sales
Purchase
Sold goods to ramashankar worth 10000@10% trade discount on credit, which account and what amount will be debited
Ramashankar 9000
Ramashankar 10000
Sales 90000
Purchase 9000
Paid salary 5000 wages 3000 in cash which account will be credited and by what amount
Cash 3000
Cash 5000
Cash 8000
Expenses 8000
Purchase two cows worth rs 50000 each what account will be debited and with what amount
Cow 100000
Live stock 100000
Purchase 100000
Purchase shares of Tata limited which account will be debited
Investment
Shares
Tata
Cash
Paid carriage Charges on behalf of Kiran 5000 in cash what account will be debited
Carriage
Kiran
Cash
Bank
Paid Transport charges 5000 in cash for business to United transport which account will be credited
Transport
United transport
Cash
Bank
Purchase laptop worth 40000 from Joshi electronics @ 18% GST calculate the CGST amount
6300
7200
3600
2700
Started business with cash 50000 goods 10000 which account will be credit and by what amount
Capital rs 50000
Capital 10000
Capital 60000
Cash 50000
Purchase goods of 25000@20% rate discount from Akash and paid of the amount, what account will be debited and by what amount
Cash 10000
Akash 10000
Purchase 25000
Purchase 20000
Mohan a credit customer for 35000 is declared insolvent and he has paid 1/5 fof the amount as final settlement. Which of the following four option can be debited
Bad debts 7000
Bad debts 28000
Cash 28000
Mohan 35000
Goods of 10000 taken for personal use, which account will be debited
Capital account
Drawings account
Cash account
Furniture work 10000 purchase from Akbar and sons@ 18% GST calculate the total GST amount
1800
8100
900
Goods of 10000 purchase @ 28% GST, which of the following is a correct debit
Input CGST 1400
Input GST 2800
Output CGST 1400
Business started with cash which account will be debited
Cash account
Bank account
Capital account
Goods were 10000 purchased for cash, which account will be credit
Purchase account
Cash account
Sales account credited
Bank account
Cash sales 1000, which account will be credited
Sales
Cash
Purchase
Deposited into Bank 1000, which account will be
Cash
Bank
Cash withdrawn from Bank 5000,which account will be debited
Bank
Cash
Drawings
Capital
Loan taken from Bank rupees 10000, which account will be credit
Cash
Bank loan
Purchase
Sales
Goods watch 3000 lost by fire, which account will be debited
Loss by fire
Purchase
Sales
Expenses
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