Follow us on youtube @ JKEXAMCRACKER

1. Cash memo is prepared when goods are

sold
a. On credit
b. On cash
C. Both (a) and (b)
d. None of these

2. Invoice is a source voucher for seller of goods

a. For cash saless
b. For credit purchases
C. For credit sales
d. For cash purchase

3. Cash memo is
a) A sources voucher
b)An accounting voucher
c) C. Neither (a) and (b)
d)Both (a) and (b)
Follow us on youtube @ JKEXAMCRACKER

4. BookS of account are written on the

basis of
a. Source document
b. Accounting vouchers
C. Both (a) and (b)
d. None of these

5. Credit note is prepared

a. When credit is given to the account
b. When debit is given to the account
C. Both (a) and (b)
d. None of the above

6. When goods are sold on credit the seller

prepares
a. Cash memo
b. Invoice
C. Accournting voucher
d. None of these
Follow us on youtube @ JKEXAMCRACKER

7. Example of source document is

a. Cash memo
b. Invoice
C. Receipt
d. All of the above

8. Debit note is issued

a. When good returned to us
b. When goods returned to supplier
C. When we purchase any asset
d. None of the above

9. Cheque is drawn upon

a. Bearer
b. Bank
c. Writer of cheque
d. None of the above
Follow us on youtube @ JKEXAMCRACKER

10. Depreciation will be provided through

a. Credit voucher
b. Debit voucher
C. Transfer Voucher
d. Journal voucher

11. A voucher is a
a) Document in support of an entryNmade in the books of accounts
b) Invoice received from suppliers
c) Receipt issued to a customer for cash received
d) All of these

12. Which of the point is not to be considered while

checking a
Voucher?
(a) Name of party
(b) Serial number of voucher
(c) Credit period of payment
(d) Accounting entry
Follow us on youtube @ JKEXAMCRACKER

13. Which of the following can be accessed as a supporting

document?
1. Invoice
2. debit note /credit note
3. emails/ letters
4. all of the above

14. Checking the date of entry of voucher in the books

mainly helps
auditor to obtain evidence that:
(a) Entry was made on the same day as that of the voucher.
(b) Entries are passed on a daily basis
(c) The vouchers are filled every day.
(d) No vouchers are missing

15. Total amount spent for advertisement expenses be

verified
From the
(a) Receipts from the Medias or advertisement agency.
(b) Register
(c) Debtors
(d) Owner
Follow us on youtube @ JKEXAMCRACKER

16. Vouching helps the auditor to a certain whether the

entries in the book are_____
a) True and fair
b)true
c) Fair
d)none of the above
17. Voucher should be addressed to the
a) Bank Manager
b)Client
c) Supervisor
d)Mechanic
18. Serial number of vouchers should be
a) not serial
b)Continuous.
c) irregular
d)Odd number.