10. Which of the following account will be credited when a machinery is sold that has been used in the office? O A. Machinery Account O B. Purchase account O C. Sales account O D. Cash account 11. Drawings are O A. Money drawn by owner for personal use O B. Money drawn for office use O C. Purchasing on behalf of the company O D. None of these 12. Which of the following entry will be recorded when the Bad Debts are recovered? O A. Cash (Dr.) & Bad Debts recovered(Cr.) O B. A/C Receivable(Dr.) & Bad Debts recovered(Cr.) O C. Bad debts recovered (Dr.) and Profit & Loss(Cr.) O D. Provision for doubtful debts(Dr.) & Cash(cr.) 13. Ledger is a book of __ O A. Secondary entry O B. Primary entry O C. Subsidiary entry O D. None of these 16. Trial balance contains ___- O A. Balance of all ledger accounts O B. Balance of personal accounts only O C. Balance of real accounts only O D. Balance of cash and bank books 14. As on a date, If the Commission Ledger has: By Cash A/c-7,500, and no posting on the Debit side, the result is ____ O A. Balance C/D is Nil O B. Balance C/D is 7,500 O C. Balance B/D is Nil O D. It cannot be balanced 19. If Sales Returns Ledger has: To Dilip's A/C-4,500, and no posting on the Credit side, the result is _--- O A. Balance C/D is Nil O B. Balance B/D is Nil O C. It cannot be balanced O D. Balance C/D is 4,500 15. Basically, Trial balance is a O A. Statement O B. Balance O C. Ledger Account O D. Account 17. Journal is a Record of first and original entry, whereas a ledger is. O A. Duplicate entry O B. Tertiary entry O C. Second and final entry O D. Complementing entry is called 18. Since it is an important record of transactions for a businessman as King of the Books of Accounts O A. Ledger Book O B. Journal Book O C. Trial Balance O D. Balance Sheet