JAIIB Daily Quiz: Quiz 10

08/04/2021

JAIIB Daily Quiz: Quiz 10

JAIIB Exam Quiz 2021: JAIIB exam is schedule for the 2021 by IIBF. here we are providing the JAIIB MCQ Based Quiz on a regular basis. You can Attempt the Quiz on a regular basis for upcoming JAIIB Exam. Quiz will be provided Module Wise and Unit Wise etc. You can attempt the JAIIB Quiz from the below and make improvement in your preparation by attempting JAIIB Quizzes provided by Ambitious Baba on a regular basis. This Quiz will help you to boost your score in jaiib exam and Provide you the way to clear your exam in 1st Attempt.

An entry of Rs. 500 wrongly posted to the wages account instead of building account is an:

(a) error of principle

(b) error of commission

(d) none of the above

Answer & Explanation

Ans. a

Sale of Rs. 50000 on cash basis not recorded in to sales book

(a) error of principle

(b) error of commission

(d) none of the above

Answer & Explanation

Ans. c

Retiring a bill under rebate means:

(a) making payment for the bill before the due date

(b) making payment for the bill after due date

(d) none of the above

Answer & Explanation

Ans. a

Profit and Loss account shows the:

(a) Profit earned by the business

(b) total capital employed

(d) profit or loss earned by the business

Answer & Explanation

Ans. d

In book-keeping there are _________ types of accounts:

(a) one

(b) two

(d) four

Answer & Explanation

Ans. c

Right side of asset account is for:

(a) recording decreases

(b) recording increases

(d) recording the rectification

Answer & Explanation

Ans. a

Personal accounts are related to:

(a) assets and liabilities

(b) expenses, losses and incomes

(d) misc. entries

Answer & Explanation

Ans. c

Goods of value of Rs. 5000 withdrawn by the owner for his private use should be credited to:

(a) sales accounts

(b) owner’s drawing account

(d) expenses account

Answer & Explanation

Ans. c

JAIIB Online Mock test with Explanation

JAIIB/DBF Paper	Mock Link
JAIIB/DBF Paper-I (Principle and Practices of Banking) Online Mock TestsVisit-test.ambitiousbaba.com	Unit wise Mock- 450questions Module Wise Mock- 250 Questions Full length Mock 5- 600 Questions (Each Mock 120 Q) Memory based Mock Case Study Mock test Click here -Mock Link Total- 1500+ Questions
JAIIB/DBF Paper-II (Accounting & Financial for Bankers) Online Mock TestsVisit-test.ambitiousbaba.com	Unit wise Mock- 250+Questions Module Wise Mock- 200 Questions Full length Mock 5- 600 Questions(Each Mock 120 Q) Memory based Mock Case Study Mock test Click Here- Mock Link Total- 1200+ Questions
JAIIB/DBF Paper-3 (Legal and Regulatory Aspects of Banking) Online Mock TestsVisit-test.ambitiousbaba.com	Unit wise Mock- 500+Questions Module Wise Mock- 200 Questions Full length Mock 5- 600 Questions(Each Mock 120 Q) Memory based Mock Click here-Mock Link (1500+ Questions)
ComboVisit-test.ambitiousbaba.com	Approx (4500Questions) + Capsule PDF Click here-Mock Link