Wadia’s Tutorials
F.Y.J.C. WEEKLY TEST/ FEB 2026
TIME: 3 HOURS MARKS : 100
Q.1. Attempt the following questions: (20)
A. Select the most appropriate alternative : (05)
1. The source document for recording in Sales Book is ______.
a. Inward Invoice
b. Outward Invoice
c. Voucher
d. Cash Memo
2. The Person who draws the cheque and signs on it is the _____.
a. Drawer
b. Drawee
c. Payee
d. All of the above
3. Bank Gives overdraft facility to ______ account holder.
a. Savings
b. Recurring
c. Current
d. Fixed
4. The amount that is fixed and expected to be received on investment will be calculated on _____.
a. Cost Price
b. Face Value
c. Market Price
d. Original Value
5. Suspense account is opened when _____ does not tally.
a. Balance sheet
b. Trading account
c. Profit & Loss account
d. Trial Balance
B. Give one word / Term or phrase for the following : (05)
1. Taking the total more while closing books of accounts.
2. Errors which are not disclosed by Trial Balance.
3. Excess of selling price of fixed asset over its written Down value.
4. The total of an account is higher than its original value.
5. A form which is filled for depositing cash or cheque into bank.
C. Correct the following sentences and rewrite the same: (05)
1. The person who maintains Petty cash book is called as Chief Cashier
2. When Cheque is deposited and dishonour , Dishonour entry should be recorded on the receipt
side of Cash book.
3. Depreciation is calculated on all assets.
1
F.Y.J.C. WEEKLY TEST/ FEB 2026
TIME: 3 HOURS MARKS : 100
Q.1. Attempt the following questions: (20)
A. Select the most appropriate alternative : (05)
1. The source document for recording in Sales Book is ______.
a. Inward Invoice
b. Outward Invoice
c. Voucher
d. Cash Memo
2. The Person who draws the cheque and signs on it is the _____.
a. Drawer
b. Drawee
c. Payee
d. All of the above
3. Bank Gives overdraft facility to ______ account holder.
a. Savings
b. Recurring
c. Current
d. Fixed
4. The amount that is fixed and expected to be received on investment will be calculated on _____.
a. Cost Price
b. Face Value
c. Market Price
d. Original Value
5. Suspense account is opened when _____ does not tally.
a. Balance sheet
b. Trading account
c. Profit & Loss account
d. Trial Balance
B. Give one word / Term or phrase for the following : (05)
1. Taking the total more while closing books of accounts.
2. Errors which are not disclosed by Trial Balance.
3. Excess of selling price of fixed asset over its written Down value.
4. The total of an account is higher than its original value.
5. A form which is filled for depositing cash or cheque into bank.
C. Correct the following sentences and rewrite the same: (05)
1. The person who maintains Petty cash book is called as Chief Cashier
2. When Cheque is deposited and dishonour , Dishonour entry should be recorded on the receipt
side of Cash book.
3. Depreciation is calculated on all assets.
1
