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Worksheetsquiz on accounting
Total questions: 10
Worksheet time: 8mins
what is accounting system mean
collecting,summarising,analysing and recording
collecting,summarising,analysing and reporting in transactions
collecting,summarising,analysingand reporting in monetary terms
collecting,summarising,analysing information about the business.
book keeping is an ----- of keeping records of business deals
(a)
stage of book keeping
secondary stage
primary stage
first stage
last stage
authority level of accounting
done by senior staff
junior staff
comparatively more authority
option 1 & 3
objectives of accounting
to maintain records of business
calculation of profit and loss
depiction of financial transaction
information available to various groups
all of the above
in this income statement is prepared
book keeping
calculation of profit & loss
trial baance
balance sheet
the entries recorded in jornal are transferred in ledger . This is also known as
(a)
begins with recording of transactions and end with preparation of balance sheet
accounting
ledger
account cycle
book keeping
accounting cycle
prepared to known financial position
(a)
known as subsidiary books
ledger
trial balance
journal
accounting
