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WorksheetsBookkeeping
Total questions: 5
Worksheet time: 4mins
Name
Class
Date
1.
The art of recording all business transactions in a systematic manner in a set of books is called-
a)
Accounting
b)
Bookkeeping
c)
Ledger
d)
None of Above
2.
The process of recording, classifying and summarizing all business transactions in order to know the financial result is called –
a)
Bookkeeping
b)
Journalizing
c)
Accountancy
d)
None of Above
3.
Book – keeping is-
a)
An Art
b)
A Science
c)
An Art & Science both
d)
None of Above
4.
Main feature of business transaction is
a)
It involves an economic activity
b)
It results in a change in the financial position of the firm
c)
Change must be capable of being expressed in terms of money
d)
All of the above
5.
Which of the following is not a characteristic of accounting?
a)
Recording non-monetary transactions
b)
Classifying
c)
Analysis
d)
Summarising
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