ACCOUNTANCY QUIZ
Authored by Arushi Sinha
Specialty
11th Grade
Used 362+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Accountancy ?
Art
Science
Art and science
None of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount invested by proprietor in business
investment
Capital
drawing
None of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current assets example
Debtors
Capital
Drawing
Furniture
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person who owes money to a firm against goods sold is called
Creditor
Debtor
Both a and b
None of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods taken by the Proprietor for personal use is
Sales
Drawings
Purchases
None of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Example of an Intangible assets
Debtors
Plant and Machinery
Goodwill
None of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A liability arises because of
Cash transactions
Credit Transactions
Cash as well as Credit transactions
None of these
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