JAIIB Daily Quiz: Quiz 10

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.

  1. 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

(c) error of omission

(d) none of the above

Answer & Explanation
Ans. a
  1. Sale of Rs. 50000 on cash basis not recorded in to sales book

(a) error of principle

(b) error of commission

(c) error of omission

(d) none of the above

Answer & Explanation
Ans. c
  1. 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

(c) dishonouring the bills

(d) none of the above

Answer & Explanation
Ans. a
  1. Profit and Loss account shows the:

(a) Profit earned by the business

(b) total capital employed

(c) profit and loss through sale of assets

(d) profit or loss earned by the business

Answer & Explanation
Ans. d
  1. In book-keeping there are _________ types of accounts:

(a) one

(b) two

(c) three

(d) four

Answer & Explanation
Ans. c
  1. Right side of asset account is for:

(a) recording decreases

(b) recording increases

(c) recording decreases and increase

(d) recording the rectification

Answer & Explanation
Ans. a
  1. Personal accounts are related to:

(a) assets and liabilities

(b) expenses, losses and incomes

(c) customers, creditors

(d) misc. entries

Answer & Explanation
Ans. c
  1. Goods of value of Rs. 5000 withdrawn by the owner for his private use should be credited to: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

(c) purchase account

(d) expenses account

Answer & Explanation
Ans. c

JAIIB Online Mock test with Explanation

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Related Links:

Paper 1 Module-Wise PDF

Paper 2 Module-Wise PDF

Paper 3 Module-Wise PDF

JAIIB/ DBF Capsule PDF

Download JAIIB Paper-3 CAPSULE PDF 2.0 (Legal & Regulation Aspects of Banking)

JAIIB Paper-2 CAPSULE PDF 2.0 (Accounting & Finance for Bankers)

JAIIB Paper-1 CAPSULE PDF 2.O (Principles & Practices of Banking)

 

 

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