Accounting Test Online - Part 19 | Accounting Education

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After spending almost 11th month, we are again starting accounting test online, last time, we have taken Online Accounting Test on 30th Sept. 2015. Last month, we have written 15 accounting contents. You have studied it. For verify your knowledge, we are taking a simple objective type accounting test online. Hope, it will also gain from it.

If you did not attend the class, read and understand our written lecture again at here. Now, ready to answers the following questions on your blank page.

Question 1. Who is Judgment Debtor?

(a) Judgment debtor is debtor who is free from paying is debt on the order of court.

(b) Judgment debtor is debtor who has to pay double of his taken loan on the order of court.

(c) Judgment debtor is debtor who has right to choose the amount of debt which he is interested to pay on the order of court.

(d) Judgment debtor is the debtor who has to pay his taken debt to creditor on the order of Court.

Question 2. Under which rule of service tax, it is necessary to provide service tax invoice to service taker ?

(a) Rule 1995 (4A(1).

(b) Rule 1996 (4A(1).

Question 3. Is Advance Payment for Buying the Air Ticket for Employees an Asset or Liability or show both side of balance sheet?

(a) Asset

(a) Liability

(c) show both asset and liability of balance sheet

(d) Not of Any of above

Question 4. What will the journal entry when businessman, adjust his given advance with his given salary.

(a) Cash account Debit

Advance to Employee Account Credit

(b) Salary to My Employee Account Debit

Advance to My Employee Account Credit

Question 5. What will be the journal entry? "When we have received advance against sales."

(a) Debtor Debit

Sales Account Credit

(b) Cash Debit

Sales Account Credit