Which of the following is done by a book-keeper?

IGCSE Accounting Chapter 1

Quiz
•
Other
•
10th Grade
•
Hard
Jasmine Eng
Used 15+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compare one year's results with those of previous years.
Analyse and interpret the accounting records.
Prepare financial statements.
Enter transactions in ledgers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of accounting?
To avoid errors.
To calculate capital.
To ensure no transaction is missing from the books.
To record every transaction two times.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Name the two financial statements.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an owner of a business make use of the business' financial statements?
To calculate the amount owing by trade receivables.
To calculate the amount owing to trade payables.
To check the bank statement balance.
To monitor the progress being made by the business.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following(s) describes "assets"?
Anything owed by a business.
Anything owned by a business.
Anything owed to a business.
Anything the business owed to the owner.
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is capital?
Anything owned by a business.
Resources provided by owner.
Anything owed by the business to the owner.
Anything owed by the business to a third party.
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following(s) is assets?
Bank
Bank loan
Loan to employee
Loan from M&N Finance
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