Financial AccountingExercise- The Accounting Cycle

1. Which of the following is Not a part of General Ledger?

2. Which of the following particular is NOT included in journal voucher?

3. Which of the following voucher is used to record receipt of cash?

4. In an account if debit side > credit side, the balance is known as the

5. Which of the following account balance is shown on credit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)

6. Which of the following particular/s is/are included in payment voucher?

7. The process of transferring journal entry information to the ledger is called

8. Which of the following item is found in a Journal entry? (1) Date of each transaction (2) Rupee amount of each debit and credit (3) Explanation of each transaction

9. Which of the following item is found in a Journal entry? (1) Date of each transaction (2) Amount of each debit and credit (3) Explanation of each transaction

10. The expenses which are NOT paid out of Gross Profit is classified as