Accountancy

Accountancy

9th Grade

13 Qs

quiz-placeholder

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Accountancy

Accountancy

Assessment

Quiz

Other

9th Grade

Medium

Created by

Ryan c

Used 11+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchase of vegetables for use at home is not business transaction.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All ________ transactions are recorded in the books of accounts

business

personal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is the language of the ____________

business

finance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of accounting?

a) Personal judgements influence it.

b) Helps in keeping systematic records.

c) Acts as a reliable evidence.

d) Shows permanent record of business.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a limitation of Accounting?

a) Ascertaining value of business.

b) It is influenced by personal judgments.

c) It helps in ascertaining right amount of taxes.

d) Facilitates a comparative study

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a correct statement related to book-keeping?

a) Book keeping is summarizing and analyzing of business transactions, financial in nature.

b) Book keeping is posting transactions in the ledger.

c) Book keeping is recording business transactions in an orderly manner

d) None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Book-Keeping is recording:

a) All events affecting a business.

b) All business transactions.

c) Only business transactions with outsiders.

d) Only internal business transaction.

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