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Debit & Credit rules Quiz

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Question 1 of 15

1. Question
Nominal Accounts represents
- Profit & gains
- Loss & expenses
- None
- Both (a) & (b)
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Question 2 of 15

2. Question
The cash account is a
- Personal A/C
- Real A/C
- Nominal A/C
- None
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Question 3 of 15

3. Question
Interest received account is a
- Personal A/C
- Real A/C
- Nominal A/C
- None
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Question 4 of 15

4. Question
Mathew A/C is
- Natural person A/C
- Real A/C
- Artificial persons A/C
- Representative persons A/C
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Question 5 of 15

5. Question
Debit means
- An increase in Liability
- An increase in Assets
- An increase in Capital
- A decrease in Assets
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Question 6 of 15

6. Question
Credit means
- An increase in Assets
- An increase in Liabilities
- A decrease in Liabilities
- A decrease Capital
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Question 7 of 15

7. Question
Patent A/C is a
- Personal A/C
- Real A/C
- Nominal A/C
- None
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Question 8 of 15

8. Question
Purchase A/C is a
- Asset account
- Income account
- Expense account
- Capital account
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Question 9 of 15

9. Question
An increase in which of the following accounts will be recorded on the debit side?
- Creditors A/C
- Capital A/C
- Purchase A/C
- Sales A/C
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Question 10 of 15

10. Question
Debit what comes into the business and credit what comes out from the business is the rule of
- Personal A/C
- Real A/C
- Nominal A/C
- None of these
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Question 11 of 15

11. Question
The rule of personal account is
- Debit What comes in, credit what goes out
- Debit the Receiver, Credit the giver
- Debit all expenses & loss, credit all income & gain
- None of these
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Question 12 of 15

12. Question
Goods purchased on credit from Ammu which two accounts are to be affected?
- Sales account, Cash account
- Purchase account, Cash account
- Sales account, Ammu account
- Purchase account, Ammu account
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Question 13 of 15

13. Question
Which of the following is not a real account?
- Computer A/C
- Cash A/C
- Rent A/C
- Goodwill A/C
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Question 14 of 15

14. Question
Which of the following is not a Nominal account?
- Sales A/C
- Salary A/C
- Depreciation A/C
- Bank A/C
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Question 15 of 15

15. Question
Which of the following is a Real Account?
- Rent A/C
- TSR A/C
- Furniture A/C
- Raju A/C
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