Fundamentals of Accounting

Fundamentals of Accounting

Professional Development

28 Qs

quiz-placeholder

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Fundamentals of Accounting

Fundamentals of Accounting

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Easy

Created by

SANDEEP KUMAR

Used 9+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Priya started the Departmental Store by investing ₹ 10,00,000 cash.

Outflow

Inflow

None

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Priya deposited ₹ 10,00,000 cash in HDFC Bank

Inflow

Outflow

None

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Loan taken from ICICI Bank ₹ 2,50,000 and interest paid ₹ 2,500 per month

Inflow

Outflow

None

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Bought Shopping Carts worth ₹ 20,000/-

Inflow

Outflow

None

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Took a store space on Rent which is ₹ 30,000/- per month and paid a deposit of ₹ 1,00,000 to the landlord.

Inflow

Outflow

None

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Bought a refrigerator to store goods worth ₹ 25,000/-

Inflow

Outflow

None

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

01-May-2022 | Bought Car for business purpose worth ₹ 2,00,000/-

Inflow

Outflow

None

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