Accounts

The main objective of accounting is to calculate:

Continuous changes by transactions affect:

An account is a:

Account is prepared mainly to know:

What is prepared to know the continuous changes and net amount of each item in a business?

For each type of asset, liability, revenue, expense and equity, the table is kept:

The two types of tables used to prepare accounts are:

The left side of an account is called:

The right side of an account is called:

The word "Debit" means:

The word "Credit" means:

How many columns are there in a "T" account in total?

In the T-table, the table is divided into:

In the continuing balance table, columns include:

When is the account balance determined in a moving (continuing) balance format?

What is called the difference between the total debit and total credit amount of an account?

Each account should have a:

According to the accounting equation, how many types of accounts are there?

The five types of accounts are:

The correct expression of the accounting equation is:

Owner's equity expanded equals:

Money, goods, assets, services provided by owner to business are recorded in:

Money, goods, assets taken by owner for personal use are recorded in:

Cash received and cash payments are recorded in:

Increase or decrease in bank deposit is recorded in:

Goods bought for sale are recorded in:

Sale of goods (cash, cheque, card, credit, bill) is recorded in:

Chair, table, almirah, show-case purchases are recorded in:

Different machine purchase, installation, extension recorded in:

Bought goods returned out (to supplier) are recorded in:

Sold goods returned in (from customer) are recorded in:

Goods purchased on account/credit, paid to creditors, discount received are recorded in:

Goods sold on account/credit, received from debtors, discount allowed are recorded in:

Purchase through bills, bill acceptance to creditors recorded in:

Sale through bills, bill acceptance by debtors recorded in:

Loans taken or repaid for business are recorded in:

If an organization purchases shares, debentures, or bonds with idle money, which account is used?

Salary paid or due to employees is recorded in:

Purchase of paper, pen, pencil for administrative activities is recorded in:

Factory, office, showroom rent paid or due is recorded in:

Carriage inward and carriage outward record:

Provision for bad debts is opened for:

Discount allowed and discount received are recorded in:

Reduction in value of fixed assets due to use is recorded in:

Outstanding salaries account is classified as:

Commission receivable account is classified as:

Prepaid insurance premium account is classified as:

Advance income (e.g., advance sublet rent) is considered:

Repair of furniture, machinery, building, motor vehicle is recorded in:

Computer, AC, photocopier, printer purchases are recorded in:

Watch, stapler, calculator, paperweight are recorded in:

What type of account is Accounts Receivable?

Accounts belonging to the same category (expenses) are:

At least how many accounts are affected by each transaction?

After each transaction:

Increase of an asset means:

Decrease of an asset means:

Increase of liability means:

Decrease of liability means:

Increase of equity means:

Decrease of equity means:

Increase of revenue means:

Decrease of revenue means:

Increase of expense means:

Decrease of expense means:

Owner's equity increases by:

Owner's equity decreases by:

An account is credited when:

Two accounts of the same transaction:

Started business with cash Tk.50,000 — Cash account is:

Started business with cash Tk.50,000 — Capital account is:

Furniture purchased Tk.10,000 cash — Furniture account is:

Furniture purchased Tk.10,000 cash — Cash account is:

Bank account opened by depositing Tk.5,000 — Bank account is:

Goods sold for cash Tk.12,000 — Sales account is:

Cash withdrawn Tk.1,000 by owner — Drawings account is:

Cash withdrawn Tk.1,000 by owner — Cash account is:

Owner brought furniture Tk.5,000 into business — entry is:

Goods purchased on credit from Bimal Traders Tk.7,000 — entry is:

Goods returned to Bimal Traders Tk.1,000 — entry is:

Sold goods on credit returned in Tk.2,000 — entry is:

Prepaid rent Tk.3,000 — entry is:

Withdrawn from bank for owner Tk.2,000 — entry is:

Loan taken from Ramjan Tk.6,000 — entry is:

Paid to Bimal Traders Tk.3,000 — entry is:

Received from Accounts Receivable Tk.5,000 — entry is:

Total cash receipts of Mahi Traders is:

Total cash payments of Mahi Traders is:

Cash balance left for Mahi Traders is:

Total amount of assets of Naresh Traders is:

Net amount of owner's equity of Naresh Traders is:

Beginning capital of Zahid Traders is:

As a result of the Tk.5,000 salary payment:

Total drawings (personal expenses) of Shaheen Enterprise is:

Total assets of Shaheen Enterprise (Furniture + A/R + Advance Rent + Interest Rec + Machinery + Bank + Cash + Goodwill):

Total liabilities of Shaheen Enterprise (Mortgage Loan + A/P + Outstanding Salaries + Bills Payable + Unearned Sublet Rent + Bank overdraft + Outstanding Supplies + Advance Commission Received):

Opening capital of Compose and Copy is:

Mr. Apu: Tk.15,000 paid for installing electric meter — debit account is:

Mr. Apu: Tk.3,000 fan purchased on credit — entry is:

Padma Steel: cement bags Tk.4,00,000 + scale Tk.40,000 + truck rent Tk.25,000 + motor van Tk.2,20,000 — total expense accounts (excluding capital expenditure & cement purchase being purchase expense):