Self Studies
Self Studies
Self Studies
Self Studies

Introduction to accounting Test - 1

Result Self Studies

Introduction to accounting Test - 1
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0

    Which is the evidence of business transaction

    Solution

    Explanation:

    these are the recorded evidence of different business transactions.

     

  • Question 2
    1 / -0

    Posting of entries in the ledger is done from _____

    Solution

    Explanation:

    the first step in accounting is to record transaction in journal then from journal it is posted to ledger

     

  • Question 3
    1 / -0

    What type of transactions we record in the books of accounts?

    Solution

    Explanation:

    only transactions that can be measured in terms of money are recorded

     

  • Question 4
    1 / -0

    What accounting method is followed for the recording of transactions?

    Solution

    Explanation:

    every transaction in recording has two effects

     

  • Question 5
    1 / -0

    Which one is not the step of accounting

    Solution

    Explanation:

    there are five steps in accounting - recording,classifying, summarising,interpreting and communicating the business transactions.

     

  • Question 6
    1 / -0

    Which of the following does not represents a business transactions?

    Solution

    Explanation:

    only transactions of monetary nature are considered as business transactions. efficiency of management is not monetary transaction.

     

  • Question 7
    1 / -0

    The main purpose of balance sheet is to show_______

    Solution

    Explanation:

    balance sheet shows the position of assets and liabilities of the business.

     

  • Question 8
    1 / -0

    The objective of financial accounting is to ascertain ______ for a particular period

    Solution

    Explanation:

    accounting helps in calculating the profit and loss of the business.

     

  • Question 9
    1 / -0

    Accounting is helpful in replacing the ______

    Solution

    Explanation:

    since all the transactions are recorded in chronological order there is no need to remember the transactions.

     

  • Question 10
    1 / -0

    The person from whom goods are purchased on credit is known as ____

    Solution

    Explanation:

    when we purchase the good liability is created called creditor

     

Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now