WorksheetsSample Quiz 3 Accountancy
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What is Accountancy ?
a)
Art
b)
Science
c)
Art and science
d)
None of these
2.
How many types of accounts?
a)
1
b)
2
c)
3
d)
4
3.
Is BRS an accounts?
a)
Yes
b)
No
c)
Don’t know
d)
None of these
4.
Is trial balance is an accounts?
a)
Yes
b)
No
c)
Don’t know
d)
None of these
5.
Example of Personal accounts?
a)
Cash
b)
Bank
c)
Salary
d)
Outstanding salary
6.
Double entry system means
a)
Twice recorded
b)
Once in ledger once in journal
c)
Recording of both aspects of transaction
d)
None of these
7.
Types of impersonal accounts
a)
1
b)
2
c)
3
d)
4
8.
Amount invested by proprietor in business
a)
investment
b)
Capital
c)
drawing
d)
None of these
9.
Trade discount means
a)
Cash discount
b)
No discount
c)
Reduction in price
d)
None of these
10.
Current assets example
a)
Debtors
b)
Capital
c)
Drawing
d)
Furniture
100 %
