100+ Free JKSSB Finance/Accounts Assistant Practice Questions

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2026 Statistics

Key Facts: JKSSB Finance/Accounts Assistant Exam

120 Q

Total written exam questions

JKSSB Notification Syllabus

120 min

Total exam duration

JKSSB Notification Syllabus

0.25

Negative marking penalty

JKSSB Exam Guidelines

₹600

Application fee (General)

JKSSB Domicile Portal

JKSSB Finance Accounts Assistant recruitment exam is an OMR-based test of 120 MCQs to be completed in 2 hours. Includes a 0.25 negative marking penalty. Fee is ₹600 for General and ₹500 for Reserved categories.

Sample JKSSB Finance/Accounts Assistant Practice Questions

Try these sample questions to test your JKSSB Finance/Accounts Assistant exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which of the following accounting concepts states that business transactions should be recorded separately from the personal transactions of the owners?

A.Business Entity Concept

B.Going Concern Concept

C.Money Measurement Concept

D.Dual Aspect Concept

Explanation: The Business Entity Concept treats the business and its owners as separate legal and financial entities, ensuring personal expenses are not mixed with business expenses.

2While preparing a Bank Reconciliation Statement starting with the balance as per the Cash Book, how should an amount directly deposited by a customer into the bank account be treated?

A.Subtracted from the Cash Book balance

B.Added to the Cash Book balance

C.Ignored as it does not affect the reconciliation

D.Adjusted by multiplying the balance by two

Explanation: Since the bank has already credited the amount, the bank balance (Pass Book) is higher. To reconcile starting from the Cash Book balance, this direct deposit must be added.

3Which of the following errors is NOT disclosed by a Trial Balance?

A.Error of posting to the wrong side of an account

B.Arithmetical error in balancing a ledger account

C.Complete omission of a transaction from the books of original entry

D.Posting an incorrect amount on one side of a double entry

Explanation: If a transaction is completely omitted from the journal, no debit or credit is recorded. Hence, the trial balance will still balance, making this error undetectable by trial balance alone.

4A machine was purchased on 1st April 2024 for ₹1,00,000. Under the Written Down Value (WDV) method, depreciation is charged at 10% per annum. What will be the book value of the machine on 31st March 2026?

A.₹80,000

B.₹90,000

C.₹81,000

D.₹72,900

Explanation: Depreciation for Year 1 (2024-25) = 10% of ₹1,00,000 = ₹10,000. Book value on 31st March 2025 = ₹90,000. Depreciation for Year 2 (2025-26) = 10% of ₹90,000 = ₹9,000. Book value on 31st March 2026 = ₹90,000 - ₹9,000 = ₹81,000.

5Under the Goods and Services Tax (GST) framework in India, which tax is levied on an inter-state supply of goods or services?

A.Central GST (CGST) only

B.State GST (SGST) only

C.Integrated GST (IGST)

D.Both CGST and SGST

Explanation: Integrated Goods and Services Tax (IGST) is levied and collected by the Central Government on all inter-state supplies of goods and/or services.

6A and B are partners sharing profits in the ratio of 3:2. They admit C into partnership for a 1/5th share of profits. What is the new profit-sharing ratio of A, B, and C?

A.3:2:1

B.12:8:5

C.9:6:5

D.4:3:2

Explanation: Let total profit be 1. C's share = 1/5. Remaining profit = 1 - 1/5 = 4/5. A's new share = (3/5) * (4/5) = 12/25. B's new share = (2/5) * (4/5) = 8/25. C's share = 1/5 = 5/25. Thus, the new ratio is 12:8:5.

7Given: Opening Stock ₹40,000, Purchases ₹1,50,000, Direct Expenses ₹10,000, and Closing Stock ₹30,000. Calculate the Cost of Goods Sold (COGS).

A.₹1,70,000

B.₹1,60,000

C.₹2,00,000

D.₹1,80,000

Explanation: Cost of Goods Sold (COGS) = Opening Stock + Purchases + Direct Expenses - Closing Stock = ₹40,000 + ₹1,50,000 + ₹10,000 - ₹30,000 = ₹1,70,000.

8If a business purchases office furniture worth ₹15,000 on credit, how does this affect the accounting equation (Assets = Liabilities + Owner's Equity)?

A.Assets increase by ₹15,000 and Owner's Equity increases by ₹15,000

B.Assets increase by ₹15,000 and Liabilities increase by ₹15,000

C.One Asset increases by ₹15,000 and another Asset decreases by ₹15,000

D.Liabilities decrease by ₹15,000 and Owner's Equity increases by ₹15,000

Explanation: Purchasing furniture on credit increases the asset 'Furniture' by ₹15,000 and simultaneously increases the liability 'Creditors/Accounts Payable' by ₹15,000, keeping the equation balanced.

9Under the imprest system of petty cash, what does the 'imprest amount' represent?

A.The total amount of petty cash expenses incurred during the year

B.A fixed amount of money allocated to the petty cashier at the start of a period

C.The balance left in the main bank account

D.The profit earned from petty transactions

Explanation: In the imprest system, a fixed sum (imprest) is advanced to the petty cashier. At the end of the period, the petty cashier is reimbursed the exact amount spent to restore the float to the initial sum.

10An error committed by violating the fundamental principles of accounting, such as treating a capital expenditure as revenue expenditure, is known as an:

A.Error of Omission

B.Error of Commission

C.Error of Principle

D.Compensating Error

Explanation: Errors of Principle occur when transactions are recorded in violation of basic accounting principles, like classifying a capital asset purchase as a routine business expense.

About the JKSSB Finance/Accounts Assistant Exam

The JKSSB Finance/Accounts Assistant exam is a state-level recruitment test containing 120 objective questions spanning accountancy, GK on J&K, English, computers, statistics, economics, science, and math. A 0.25 mark negative penalty applies per wrong answer.

Questions

120 scored questions

Time Limit

2 hours

Passing Score

Relative cutoff based on merit list

Exam Fee

₹600 / ₹500 (Jammu and Kashmir Services Selection Board (JKSSB))

JKSSB Finance/Accounts Assistant Exam Content Outline

25%

Accountancy and Book Keeping

Financial accounting principles, double-entry, ledger reconciliation, and taxation basics (30 Marks).

25%

General Knowledge (J&K UT Focus)

History, culture, geography, and economy of J&K UT, along with national current affairs (30 Marks).

25%

General English, Statistics & Mathematics

English comprehension, grammar, sampling, probability, matrices, and statistical indices (30 Marks).

25%

Economics, Science & Computers

Micro/macroeconomics, general science, basic IT hardware, software, and cybersecurity (30 Marks).

How to Pass the JKSSB Finance/Accounts Assistant Exam

What You Need to Know

Passing score: Relative cutoff based on merit list
Exam length: 120 questions
Time limit: 2 hours
Exam fee: ₹600 / ₹500

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

JKSSB Finance/Accounts Assistant Study Tips from Top Performers

1Focus heavily on the J&K Reorganisation Act 2019 and J&K geography/history, which are highly scored subtopics under GK.

2Thoroughly practice practical accountancy problems, including bank reconciliation statements and trial balance adjustment entries.

3Practice statistics and math questions as they are based on standard NCERT formats and can be easily scored with practice.

4Solve multiple previous year papers and mock tests under timed conditions to practice pacing yourself for 120 questions in 120 minutes.

Frequently Asked Questions

What is the exam pattern for JKSSB Finance Account Assistant?

The exam is an objective-type written test (OMR-based) consisting of 120 questions carrying 120 marks. The duration is 2 hours, and a negative marking of 0.25 is applied for every wrong answer.

Is there a sectional cutoff in the JKSSB FAA exam?

No, there is no official sectional cutoff. The final selection is based strictly on the cumulative score out of 120 marks in the merit list.

What is the application fee for the JKSSB Accounts Assistant (Finance) exam?

The application fee is ₹600 for General/Open Merit (OM) and ₹500 for reserved categories (SC/ST/EWS/PwBD).

What is the syllabus weightage for Accountancy and GK?

Accountancy and Book Keeping carries 30 marks (25%), and General Knowledge (with special reference to J&K UT) also carries 30 marks (25%). The remaining 60 marks are split across English, Math, Stats, Economics, Science, and Computers.