CA CPT Fundamentals of Accounting Question Papers 2013

11. Cash A/c is a ________ A/c.

a) Personal
b) Real
c) Nominal
d) None

12. Which is not only a subsidiary book, but also a principal book?

a) Cash book
b) Sales book
c) Purchase book
d) Bills receivable book

13. The principle "Debit the receiver and credit the giver" is related to_____

a) Personal a/c
b) Real a/c
c) Nominal a/c
d) None

14. If shares are forfeited, Share Capital a/c is debited with ________

a) Called up face value
b) Face value
c) Paid up face value
d) none of these

15. Wages paid for erection of machinery is debited to _____

a) Machinery A/c
b) Wages A/c
c) Cash A/c
d) None of these