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Quiz on Voucher Entry
Created By Sunita Nain
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1. The evidence/ proof of a financial transaction is called .
1 point
(a) amount
(b) particulars
(c) date
(d) voucher
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2. The left side of a voucher is meant for entries.
1 point
(a) rough
(b) unrelated
(c) credit
(d) debit
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3. A journal entry from the credit side is entered in side of ledger.
1 point
(a) debit
(b) credit
(c) centre
(d) margin
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4. Each ledger belongs to a specific............
1 point
(a) voucher
(b) journal
(c) account group
(d) inventory
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5. Journal entries carry the name of in which the transaction is to be posted.
1 point
(a) account
(b) voucher
(c) journal
(d) ledger
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6. Vouchers are before -------------posting them in ledgers.
1 point
(a) torn off
(b) thrown aside
(c) discarded
(d) journalized
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7............. voucher changes monetary position.
1 point
(a) Accounting
(b) Inventory
(c) Contra
(d) none of them
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8. Voucher has --------------sides.
1 point
(a) 2
(b) 3
(c) 5
(d) 7
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9. The statement which shows the total debits and liabilities on the left side and credits and assets on the right side is called .------------
1 point
(a) balance sheet
(b) trading account
(c) profit and loss account
(d) cash account
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10. To finalize a balance sheet,------------ is prepared with the aim of making corrections.
1 point
(a) profit and loss account
(b) Stock & Inventory
(c) trial balance
(d) cash flow account
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