NEW
Font size
WorksheetsAccount class
Total questions: 20
Worksheet time: 7mins
____________ is a higher level position in an office.
Labour
Assistant
Chief Officer
None of these
______________ propounded the double entry system.
Abraham Lincoln
David Smith
Fra Luca Pacioli
Johnson Hillary
Investment is known as __________
Liabilities
Assets
Debit
Capital
Debit is _______________ in nominal account.
All expenses and losses
All Profits and income
Receiver
What comes in
Define account.
It is the art of keeping business relationship with their name
It is the art of keeping business records and it's dealing.
It is the art of money invested by the owners in the beginning of business.
It is the art of recording, classifying and summarizing in a significant manner and in terms of money.
______________ is known as executive officer.
Office chief
Office personal
Sectional chief
None of these
Any two qualities of office assistant are ____________ and ___________
Water and salt
Invoice and sailing
Faithfulness and politeness
All the above
Define journal.
It is a daily book of account that keeps record of all the financial transactions of business.
It is a principal book of account.
A newspaper or letters that deals with particular subject.
None of these
An act of exchanging information in internal and external part of organization.
E-commerce
Communication of information
Telephone
A single piece of paper or document can withdraw or deposit money in bank.
Form
Cheque
Interleaf
None of these
VAT is stand for ___________
Visual attached
Veta analysis track
Value Added Tax
Various artists Technology
Sold goods to Ram
Ram A/C .................Dr
To sales A/C
Sales A/C.................Dr
To Ram A/C
Ram A/C..................Dr
To cash A/C
Ram A/C........,......... Dr
To purchase A/C
It is a amount of inventory that a business still has on hand at the end of a reporting period.
Cheque
Capital
Inventory
Closing stock
If your brother need money and you have given some amount from your business that is known as____________
Loan
Drawing
Outstanding loan
Business act
Cash A/C...............Dr.
To capital A/C
Being capital paid
Being purchased capital for cash
Being business started with cash
None of these
The account that records expenses, gains and losses is
Personal account
Real account
Nominal account
None of above
After journal entries the following transaction posted into_____________
Ledger
Trial balance
Bank
Locker
Salary paid to employees by cheque
Salary A/C...............Dr
To cash A/C
Cash A/C.................Dr.
To salary A/C
Salary A/C................ Dr
To bank A/C
All of these
In account investment is known as_________
Cash
Bank statement
Capital
Exchange of money
The three types of accounts are_______, _________& ______
Debit, credit and business
Capital, sales and purchase
Real account, personal account and nominal account
Bank account, cash account and properties
