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Accountancy quiz PAWAN

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

what is the account ?

a)

it is the art

b)

it is the science

c)

it is the art and science

d)

none of these

2.

How many type of account?

a)

1

b)

2

c)

3

d)

4

3.

which is the qualitative feature of account?

a)

understandable

b)

reliable

c)

comparable

d)

all of these

4.

Balance sheet is the (a)   .

5.

cost accounting is the branch of (a)   .

6.

Which of the following is a type of financial statement?

a)

Balance Sheet

b)

Income Statement

c)

Cash Flow Statement

d)

All of these

7.

What does GAAP stand for?

a)

Generally Accepted Accounting Principles

b)

General Accounting and Auditing Procedures

c)

Global Association of Accountants and Professionals

d)

General Assessment of Accounting Practices

8.

Which of the following is not a component of the accounting equation?

a)

Assets

b)

Liabilities

c)

Equity

d)

Revenue

9.

What is the main function of an auditor?

a)

To prepare financial statements

b)

To verify the accuracy of financial records

c)

To manage company finances

d)

To provide tax advice

10.

how many type of cash book ?

a)

1

b)

2

c)

3

d)

none of these