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Recording of Tr...

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  • Question 1
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    Journal means _______________.

  • Question 2
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    The basis for the accounting equation is the principle of _________.

  • Question 3
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    American accountants have derived the rules of debit and credit through ________.

  • Question 4
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    The main books of accounts in a business is ____________.

  • Question 5
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    The second important stage in the accounting process is______.

  • Question 6
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    Which of the following is usually in the 'T' format and contains two sides?

  • Question 7
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    According to accounting equation concept, every business transaction recorded in accounts has two aspects. Which are these two aspects?

  • Question 8
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    Journal is a book of ____________.

  • Question 9
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    Which of the following is not a subsidiary book?

  • Question 10
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    Which of the following books serves both as journal and ledger?

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