Free Printable Financial accouting

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Financial accouting

Total questions: 5

Worksheet time: 7mins

Name

Class

Date

1.

The Capital of the Company is called...............

a)

Debenture Capital

b)

Preference Capital

c)

Share Capital

d)

Others

2.

Receipts and Payments Account highlights total income and expenditure

a)

True

b)

False

3.

Accrual Concept implies accounting on cash basis

a)

True

b)

False

4.

Financial accounting is

a)

Single entry system

b)

Double entry system

c)

Book keeping

d)

All of the above

5.

Limitation of financial accounting

4 lines

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