In the ledger, what is the meaning of 'c/d'? MCQ with Answer and Explanation

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In the ledger, what is the meaning of 'c/d'?

A. Carried Down

B. Current Date

C. Cash Deposited

D. Credit Debit

Answer: Option A

Solution (By JKSSB Mock Tests)

'Carried down' indicates the balancing figure at the end of a period, which will be brought down (b/d) at the start of the next period.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

A sales book is meant to record:

A. Cash sales of goods

B. All sales of goods

C. Credit sales of goods

D. Sales of assets

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Correct Answer: Option C

Explanation:
Sales book records only credit sales of goods in which the trader deals.

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Question #2

Which of the following books is known as the book of original entry?

A. Ledger

B. Balance Sheet

C. Journal

D. Trial Balance

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Correct Answer: Option C

Explanation:
The Journal is the primary book where transactions are first recorded in chronological order.

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Question #3

The 'Cooling-off Period' for an audit partner after rotation is:

A. 1 year

B. 5 years (as per Companies Act for partner of listed company)

C. 2 years

D. No period

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Correct Answer: Option B

Explanation:
A cooling-off period of 5 years is required before re-appointment.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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