📘 BOOKS OF ACCOUNTS – 100 MCQs
🔹 MCQs (1–100)
Q1. Books of accounts are used to:
A. Record transactions
B. Sell goods
C. Manufacture
D. None
Q2. (T/F) Journal is a book of original entry.
Q3. Ledger is a:
A. Primary book
B. Secondary book
C. Book of final entry
D. None
Q4. (Fill) Journal is also called book of ______ entry.
Q5. Cash book records:
A. Credit transactions
B. Cash transactions
C. Assets
D. None
Q6. Ledger contains:
A. Raw data
B. Classified accounts
C. Final accounts
D. None
Q7. (T/F) Ledger is prepared after journal.
Q8. Trial balance is prepared from:
A. Journal
B. Ledger
C. Cash book
D. None
Q9. (Fill) Trial balance checks ______ accuracy.
Q10. Subsidiary books are used to:
A. Increase errors
B. Reduce workload
C. Ignore transactions
D. None
Q11. Purchase book records:
A. Cash purchases
B. Credit purchases
C. Both
D. None
Q12. (T/F) Sales book records credit sales only.
Q13. Return inward book records:
A. Purchase return
B. Sales return
C. Both
D. None
Q14. (Fill) Return outward book records ______ returns.
Q15. Journal proper records:
A. Routine entries
B. Special entries
C. Adjustments
D. Both B & C
Q16. Cash book is:
A. Ledger
B. Journal
C. Both
D. None
Q17. (T/F) Cash book can have credit balance.
Q18. Contra entry appears in:
A. Journal
B. Ledger
C. Cash book
D. Trial balance
Q19. (Fill) Cash book has ______ columns in double column form.
Q20. Petty cash book is used for:
A. Major payments
B. Small expenses
C. Credit sales
D. None
Q21. Ledger posting is done from:
A. Trial balance
B. Journal
C. Balance sheet
D. None
Q22. (T/F) Ledger balances are used to prepare trial balance.
Q23. Journal entry contains:
A. Debit only
B. Credit only
C. Both
D. None
Q24. (Fill) Each journal entry has ______ aspects.
Q25. Discount column in cash book:
A. Ledger
B. Memorandum
C. Real account
D. None
Q26. Which book records credit sales?
A. Sales book
B. Purchase book
C. Cash book
D. None
Q27. (T/F) Cash book is subsidiary book.
Q28. Trial balance shows:
A. Profit
B. Errors
C. Balances
D. None
Q29. (Fill) Trial balance has ______ columns.
Q30. Which is not subsidiary book?
A. Sales book
B. Purchase book
C. Ledger
D. None
Q31. Bills receivable book records:
A. Cash bills
B. Bills received
C. Bills paid
D. None
Q32. (T/F) Bills payable book records liabilities.
Q33. Journal proper includes:
A. Opening entries
B. Closing entries
C. Adjustments
D. All
Q34. (Fill) Ledger is called book of ______ entry.
Q35. Cash book balance is:
A. Debit only
B. Credit only
C. Both
D. None
Q36. Trial balance is prepared:
A. Daily
B. Monthly
C. Periodically
D. None
Q37. (T/F) Trial balance ensures error-free books.
Q38. Which book is not original entry?
A. Journal
B. Sales book
C. Ledger
D. None
Q39. (Fill) Subsidiary books are also called ______ books.
Q40. Which book records non-routine entries?
A. Journal proper
B. Sales book
C. Cash book
D. None
Q41. Purchase return is recorded in:
A. Return inward
B. Return outward
C. Sales
D. None
Q42. (T/F) Return inward is sales return.
Q43. Cash book with bank column is:
A. Single
B. Double
C. Triple
D. None
Q44. (Fill) Three column cash book includes ______.
Q45. Petty cash book follows:
A. Double entry
B. Imprest system
C. Single entry
D. None
Q46. Ledger accounts are balanced:
A. Daily
B. Periodically
C. Never
D. None
Q47. (T/F) Balancing is done to find closing balance.
Q48. Trial balance is a:
A. Statement
B. Account
C. Book
D. None
Q49. (Fill) Journal entries are posted to ______.
Q50. Which is correct order?
A. Ledger → Journal
B. Journal → Ledger
C. Trial → Journal
D. None
Q51. Cash book acts as:
A. Journal only
B. Ledger only
C. Both
D. None
Q52. (T/F) Bank overdraft appears in credit side of cash book.
Q53. Sales return affects:
A. Sales
B. Debtors
C. Both
D. None
Q54. (Fill) Ledger balances form ______.
Q55. Trial balance total:
A. Unequal
B. Equal
C. Random
D. None
Q56. Purchase book excludes:
A. Cash purchase
B. Credit purchase
C. Goods
D. None
Q57. (T/F) Cash purchases go to cash book.
Q58. Journal proper includes:
A. Errors rectification
B. Adjustments
C. Both
D. None
Q59. (Fill) Trial balance checks ______ accuracy only.
Q60. Which book records credit purchase return?
A. Return inward
B. Return outward
C. Sales
D. None
Q61. Posting means:
A. Recording
B. Classifying
C. Summarizing
D. None
Q62. (T/F) Ledger is classified record.
Q63. Trial balance helps in:
A. Profit calculation
B. Error detection
C. Both
D. None
Q64. (Fill) Cash book never shows ______ balance.
Q65. Subsidiary books are prepared:
A. After ledger
B. Before ledger
C. After trial
D. None
Q66. Journal proper includes rectification entries:
A. Yes
B. No
C. Sometimes
D. None
Q67. (T/F) Cash book needs no posting for cash column.
Q68. Ledger is also called:
A. Book of original entry
B. Book of final entry
C. Trial book
D. None
Q69. (Fill) Trial balance is prepared at ______ stage.
Q70. Which book records petty expenses?
A. Cash book
B. Petty cash book
C. Journal
D. None
Q71. Discount column total is posted to:
A. Ledger
B. Cash book
C. Trial balance
D. None
Q72. (T/F) Discount allowed is debited.
Q73. Which book records bills accepted?
A. Bills receivable
B. Bills payable
C. Journal
D. None
Q74. (Fill) Sales book records ______ sales.
Q75. Purchase book records:
A. Assets
B. Goods
C. Expenses
D. None
Q76. Which is error not detected by trial balance?
A. Omission
B. Casting
C. Posting
D. None
Q77. (T/F) Trial balance ensures arithmetic accuracy only.
Q78. Ledger account shows:
A. Transactions
B. Balance
C. Both
D. None
Q79. (Fill) Books of accounts help in ______ decisions.
Q80. Cash book with discount, cash, bank is:
A. Single
B. Double
C. Triple
D. None
Q81. Journal proper includes:
A. Opening
B. Closing
C. Adjustment
D. All
Q82. (T/F) Trial balance is final account.
Q83. Purchase return book reduces:
A. Purchase
B. Sales
C. Asset
D. None
Q84. (Fill) Petty cash book works on ______ system.
Q85. Ledger is used for:
A. Recording
B. Classifying
C. Summarizing
D. None
Q86. Trial balance prepared wrongly will:
A. Show equal totals
B. Show unequal
C. Hide errors
D. None
Q87. (T/F) Journal entries are first step in accounting.
Q88. Cash book records:
A. Cash
B. Bank
C. Both
D. None
Q89. (Fill) Journal is book of ______ entry.
Q90. Ledger balances are:
A. Temporary
B. Permanent
C. Final
D. None
Q91. Sales book excludes:
A. Credit sales
B. Cash sales
C. Goods
D. None
Q92. (T/F) Cash sales go to sales book.
Q93. Which book records purchase of asset?
A. Purchase book
B. Journal
C. Cash book
D. None
Q94. (Fill) Trial balance is a ______.
Q95. Contra entry affects:
A. Cash only
B. Bank only
C. Both
D. None
Q96. Ledger accounts are:
A. Personal only
B. Real only
C. All types
D. None
Q97. (T/F) All transactions pass through journal.
Q98. Trial balance is prepared to:
A. Find profit
B. Check accuracy
C. Record entries
D. None
Q99. (Fill) Posting is done from ______ to ledger.
Q100. Which is correct sequence?
A. Journal → Ledger → Trial balance
B. Ledger → Journal → Trial
C. Trial → Journal → Ledger
D. None
📘 ANSWER KEY (1–100)
1-A, 2-T, 3-C, 4-Original, 5-B
6-B, 7-T, 8-B, 9-Arithmetical, 10-B
11-B, 12-T, 13-B, 14-Purchase, 15-D
16-C, 17-F, 18-C, 19-Two, 20-B
21-B, 22-T, 23-C, 24-Two, 25-B
26-A, 27-F, 28-C, 29-Two, 30-C
31-B, 32-T, 33-D, 34-Final, 35-A
36-C, 37-F, 38-C, 39-Special, 40-A
41-B, 42-T, 43-B, 44-Cash bank discount, 45-B
46-B, 47-T, 48-A, 49-Ledger, 50-B
51-C, 52-T, 53-C, 54-Trial balance, 55-B
56-A, 57-T, 58-C, 59-Arithmetical, 60-B
61-B, 62-T, 63-D, 64-Credit, 65-B
66-A, 67-T, 68-B, 69-Final, 70-B
71-A, 72-T, 73-B, 74-Credit, 75-B
76-A, 77-T, 78-C, 79-Economic, 80-C
81-D, 82-F, 83-A, 84-Imprest, 85-B
86-B, 87-T, 88-C, 89-Original, 90-B
91-B, 92-F, 93-B, 94-Statement, 95-C
96-C, 97-F, 98-B, 99-Journal, 100-A
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