WorksheetsAccounting
Total questions: 10
Worksheet time: 5mins
1. WHO IS A FATHER OF ACCOUNTING?
MARSHALL
ADAMSMITH
ROBBINS
LUCA DE PACIOLI
2. Which of the following is current liability?
Account Receivable
Bills Receivable
Account Payable
Inventory
3. The double entry system of accounting is .......
liability + capital=Assets
Assets-liability=capital
Assets =Liability-capital
Capital + Assets = Liability
4. Which financial statement provides a summary of the company's operations over a period of time?
Balance sheet
Income statement
Cash flow statement
Statement of retained earning
5. P & L account prepared on the basis of ....................
Cash basis
Real account
Nominal account
Personal account
6. The full form of NFRS is ?
Nepal Financial Record Summary
Nepal Financial Record Statement
Nepal Financial Reporting Standard
Non- Financial Reporting Standard
7. Balance sheet is a summary report of .........
All assets
All Liabilities
Personal & Real A/c
Personal, Real & Nominal A/c
8. AGF. No Journal Voucher is .....
203
210
209
208
9. How many members are private company?
1 - 101
7 - 51
51
100
10. The first step of final account is ....?
Balance sheet
Profit and loss account
Trading Account
Trial balance
