Accounting Basic Trivia Questions For Beginners! Quiz
6 Questions |
By Kamalasirisha | Last updated: Jul 26, 2019
| Total Attempts: 225
Accounting basic trivia questions for beginners is a good way for one to test out what basic knowledge they have about the accounting function. The accounting function is an important part of any organization as it ensures the finances are kept in check. The trivia below will send you on the right track. Give it a try and take up others like it!
Questions and Answers
What are the rules of nominal accounting?
Debit all expenses and losses and credit all incomes and gains
Debit all expenses and credit all incomes
Debit all incomes and credit all expenses
Why we prepare Trial Balance?
To know the accurate balances of Ledgers
To know the balance sheet
To get the final results
Where cash purchases will record?
Purchase returns book
What columns should be shown in a three-column cash book?
Are you ready for a quick account knowledge quiz? For a business to prosper, what they need most is funding which can come through investments, cash or selling their shares. What do you understand about these different types...