RPSC 2020 Accountant Book Keeping and Accountancy Question Paper

RPSC Accountant Book Keeping and Accountancy Question Paper.

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RPSC Accountant Book Keeping and Accountancy Question Paper

Sales Return is recorded on the —— of debtor acc
Dr
Cr
–
–
which one of them is current asset
Insurance expenses
prepaid expenses
Rent expenses
all of the following

which one is current liability?
land
income
Debtor
Creditors

which one is long term liability?
creditors
loan from mr A
bank loan
all of these

which one is liability?
UN earned income
furniture
account receivable
none of these

Creditor account increase with
credit
credit sale
credit purchase
A & B`

Debtor account increase with
Debit
Credit
Credit income
Credit sale

Creditor control account decreased when
Purchase Return
Cheques / Cash paid
Cheques / Cash received
A & B

Debtors control account decreased with
Opening balance of debtors
Cheques / Cash Received
Sales Return
purchase Return

Discount allowed showed on the ——– of debtors control account
Credit side
Debit side
—
—

sales return is also called
return inward
return outward
return to supplier
none of these

—— this ledger maintains record of individual creditors.
Purchase Day Book
Purchase Journal
Creditors Ledger
Return outward Journal

2nd name of Purchase Return is
return to customer
Creditors
Purchases inward
Return outward

—– this ledger maintains record of individual debtor.
Debtors Ledger
Sales Journal
Sales Return
Sales Day Book

extension of building is an example of ——- exp
Revenue
short
Capital
A & C

cost of good will is
Capital exp
value of good will
goodwill exp
prepaid exp

asset destroyed by fire is
Admn
financial loss
Capital loss
Revenue

rent not paid
utility bill paid
Income
rent & Income
advance rent paid

calculate closing balance of Creditor Opening Balance.5,000 Purchases for the month 70,00 return 1500 cash receive 6500
4000
8500
12500
7000

—— include both cash and credit receipts/payments.
cash sales/purchases
Credit sales/purchases
Receipts/Payments
none of above

Provision for doubtful debts has no effect on
account receivable
Control accounts.
control account
none of these

These errors in accounting require rectification. The procedure adopted to rectify errors in financial accounting is called
Rectification of error
Rectification
—
—

different kinds of errors are
6
8
5
4

event occurred but we did not record it is —— type of error
Error of Commission
Error of Omission
Error of Original Entry
Reversal of Entry

debited is credited and vice versa is an example of —— error
Error of Commission
Error of Principle
Error of Original Entry
Reversal of Entry

The errors in which recording is in correct account but the figure is incorrect are called
Reversal of Entry
Error of Original Entry
Error of Principle
Error of Commission

The errors in which an entry is recorded in the wrong class of account is
Error of Original Entry
Reversal of Entry
Error of Principle
Error of Omission

A receipt of Rs. 50,000 from a debtor is recorded as Rs. 5,000 in his account is —- error
Reversal of Entry
Error of Commission
Error of Principle
Error of Original Entry

Purchase of an asset for Rs. 50,000 is recorded in the expense account. is ———– error
Error of Principle
Error of Original Entry
Error of Omission
Reversal of Entry

A payment of Rs. 10,000 made to Mr. D is recorded on the receipt side of the cash book and credit is given to D’s
account. is —– error
Errors of Commission
Error of Principle
Error of Omission
Reversal of Entry

Repair of vehicle worth of Rs. 5,000 was charged to asset account correct entry is
Cash A/C (Dr) Bank A/C (Cr)
Mr. A (Creditor) (Dr) Bank A/C (Cr)
Mr. A (Creditor) (Dr) Bank A/C (Cr)
Mr. A (Creditor) (Dr) Cash A/C (Cr)

Purchase of goods from Mr. B worth of Rs. 5,500 was recorded at Rs. 4,500. correct entry is
Purchase A/C (Dr) cash (Cr)
Mr. B’s A/C (Dr) cash (Cr)
Purchase A/C (Dr) Mr. B’s A/C (Cr)
Purchase A/C (Dr) account payable

Profit & Loss Account has —— parts
2
4
5
3

Sales Less: Cost of Goods Sold =
Profit
income
Gross Profit
none of them

Revenue is always in ——- acc
Dr
Cr
Purchased
none of these

——- is the cost incurred in purchasing or manufacturing the product
Sales
Gross Profit
Cost of Goods Sold
manufacturing expenses

Wages paid to employees for manufacturing of goods is ———- expense
Material
Labor
FOH
all of these

——- includes revenue from indirect source of income, such as return on investment, profit on PLS account etc.
Other charges
Other expenses
Other sales
Other Income

——- expenses are the expenses incurred in running a business effectively
Cost of Goods Sold/
Other
Administrative
General office

Administrative Expenses and Selling Expenses and Financial Expenses are present in the
financial statements
balance sheet
adjusting entries
none of these

——-usually denotes remuneration paid to daily basis
Salaries and Wages
Wages
Salaries
B & C

Salaries and benefits of sales and marketing staff become part of —–
Administrative Expenses
Selling Expenses
Financial Expenses
A & C

Salaries / wages paid to labor and supervisors/officers working for the manufacturing of goods become a part of
Administrative Expenses
Selling Expenses
Financial Expenses
Cost of Goods Sold

Transportation/carriage of goods sold Tax/freight paid on sale is an example of ——
Cost of Goods Sold.
Selling Expenses
Financial Expenses
Administrative Expenses

Interest on loan, Bank charges are ———-
Selling Expenses
Administrative Expenses
Financial Expenses
none of these

——- are the assets of permanent nature that a business acquires, such as plant, machinery, etc
Fixed assets
Current assets
non Current assets
B & C

An expense that has a future benefit in excess of one year and recorded in a capital asset account

Income Tax
Capital Work In Progress
Deferred Costs
all of above

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