wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Business Accounting

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Statement showing assets & Liabilities

a)

Balance Sheet

b)

Profit & Loss A/c

2.

Gross Profit/ Loss calculated in

a)

Profit & Loss A/c

b)

Trading A/c

3.

Cash is

a)

Fixed Asset

b)

Current Asset

4.

Balance Sheet has 2 sides

a)

Debit & Credit

b)

Liabilities & Assets

5.

Financial Year starts from

a)

1st January

b)

1st April

6.

ABC Ltd. A/c is

a)

Nominal A/c

b)

Personal A/c

7.

Cash withdrew by Owner is

a)

Profit

b)

Drawings

8.

Depreciation is charged on

a)

Fixed Assets

b)

Current Assets

9.

Closing Stock is calculated at

a)

Beginning of year

b)

Ending of year

10.

Cash Book records

a)

Only cash transactions

b)

Cash & Credit transactions