Accounting Basics Quiz
Authored by Satish Bhadani
Education
Professional Development
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
44 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Reconciliation Statement is prepared by _________.
student
businessman
bank
none of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount which is not recoverable from customer is known as ______________.
Bad Debts
Debts
Debtors
Doubtful debts
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit purchase of Machinery is recorded in the .......
Purchase Book
Cash Book
Journal Proper
Returns Outward Book
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A commodity in which a trader deals is known as _______________.
Goods
Income
Property
Expenditure
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goodwill is . . . . . . . . . . . . . . asset.
Tangible
Current
an intangible
None of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Surplus of income over expenses is ______________.
Profit
Deficit
Loss
Financial Statements
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Purchase of animals for cash should be debited to ……
Live stock A/c
Goods A/c
Cash A/c
Bank A/c
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
