Which of the following is a 'Voucher' in a manual accounting system? MCQ with Answer and Explanation

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Which of the following is a 'Voucher' in a manual accounting system?

A. A printed receipt

B. A documentary evidence of a transaction

C. Both B and C

D. A cash memo

Answer: Option C

Solution (By JKSSB Mock Tests)

Voucher includes any documentary evidence like cash memo, invoice, receipt.

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

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Question #1

A high debt-equity ratio implies:

A. High financial risk

B. Low financial risk

C. No risk

D. High profitability

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Correct Answer: Option A

Explanation:
Higher debt means higher fixed interest obligations, increasing financial risk.

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Question #2

Standard Deduction available to salaried employees under Section 16(ia) for FY 2023-24 is:

A. Rs 1,50,000

B. Rs 1,00,000

C. Rs 40,000

D. Rs 50,000

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Correct Answer: Option D

Explanation:
A flat standard deduction of Rs 50,000 is allowed from the gross salary income.

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Question #3

A trial balance shows equal totals but still contains an error of ₹2,000 where purchase of stationery was debited to furniture account. This is:

A. Error of commission

B. Compensating error

C. Error of omission

D. Error of principle

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Correct Answer: Option D

Explanation:
Stationery is revenue expenditure, furniture is asset. Treating revenue as capital is error of principle.

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

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