Book Keeping & Accountancy
Authored by shrikant mundada
Financial Education
11th Grade
Used 12+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Commission received is Nominal Account.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Outstanding wages is a Nominal Account.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Bank of India is an example of Real Account.
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An order placed for the goods, entry is recorded in the books of accounts.
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Every transaction has only one effect.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Double entry system is a scientific method of book-keeping.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Conventional system of accounting cannot give a complete picture of all transactions.
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