Ch 2: Accounting Process — Chapter Test
CSEET
📚 Fundamentals of Accounting
📖 Ch.2 — ACCOUNTING PROCESS
⭐ V1: Previous Year Question (PYQ)
⚡ Free Mode (Answers Locked)
⏱ Duration: 25 Mins
🎯 Total Marks: 20
Passed at: 10 Marks
Max Attempts: 10
Standard ICSI CSEET objective examination for Accounting Process. 20 MCQs with instant scoring and detailed explanations.
📑 Exam Questions
20 Questions • Total 20 MarksQuestion 1:
1 Marks
Which of the following is NOT considered a source document for accounting entries?
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Question 2:
1 Marks
A credit purchase of goods is typically evidenced by which source document?
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Question 3:
1 Marks
According to the rules of debit and credit, an increase in a liability account is:
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Question 4:
1 Marks
When goods are purchased for cash, the journal entry would be:
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Question 5:
1 Marks
Which of the following is a book of original entry as well as a ledger?
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Question 6:
1 Marks
A contra entry in a Double Column Cash Book involves:
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Question 7:
1 Marks
The system of maintaining a Petty Cash Book where the petty cashier is reimbursed for the exact amount spent, restoring the fund to its original amount, is known as:
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Question 8:
1 Marks
The Purchases Book is used to record:
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Question 9:
1 Marks
When goods sold on credit are returned by a customer, the entry is made in the:
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Question 10:
1 Marks
Which of the following transactions would be recorded in the Journal Proper?
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Question 11:
1 Marks
The process of transferring entries from the Journal to the respective accounts in the Ledger is called:
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Question 12:
1 Marks
If the debit side of a ledger account exceeds its credit side, the account will show a:
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Question 13:
1 Marks
The primary objective of preparing a Trial Balance is to:
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Question 14:
1 Marks
Which of the following accounts normally has a credit balance and appears on the credit side of the Trial Balance?
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Question 15:
1 Marks
An error where a transaction is completely omitted from the books of accounts is known as an:
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Question 16:
1 Marks
If goods purchased for ₹5,000 were wrongly debited to the Furniture Account, this is an example of an:
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Question 17:
1 Marks
A purchase of goods from Mr. X for ₹1,000 was correctly recorded in the Purchases Book but posted to Mr. Y's account. This is an example of an:
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Question 18:
1 Marks
If the total of the debit side of the Purchases Account was overstated by ₹1,000 and the total of the credit side of the Sales Account was also overstated by ₹1,000, these errors are:
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Question 19:
1 Marks
An error of casting in the Sales Book would affect:
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Question 20:
1 Marks
Which type of error does NOT affect the agreement of the Trial Balance?
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