Bookkeeping And Accounting Quiz!
10 Questions
| Total Attempts: 102
Do you have any experience with bookkeeping and accounting? Bookkeeping is the recording of financial transactions and is part of accounting in business and other organizations. Accounting is the calculation, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations, and the data can be used among investors, creditors, management, and regulations. This quiz will bring you high numbers when you go to take the test.
Questions and Answers
- 1.Ledger is a principal book of accounts.
- A.
True
- B.
False
- 2.The ledger is not important to prepare the final account.
- A.
True
- B.
False
- 3.Ledger is also known as Final entry.
- A.
True
- B.
False
- 4.The credit side of Particulars is denoted by the word 'By'.
- A.
True
- B.
False
- 5.The full form of JF is Journal Folio.
- A.
True
- B.
False
- 6.The Software used to prepare Ledger A/c is Tally ERP 9.
- A.
True
- B.
False
- 7.By preparing ledgers financial positions can not be known easily.
- A.
True
- B.
False
- 8.The full form of LF is Ledger Folio.
- A.
True
- B.
False
- 9.The Debit side of Particulars is denoted by the words 'By'.
- A.
True
- B.
False
- 10.The specimen of Ledger is in 'T' form.
- A.
True
- B.
False
Bookkeeping is the most essential and crucial fundamental term in accounting for managing financial transactions. And if you are in this area of study or work, you must take this quick test on the same. So, welcome to Bookkeeping...
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Sample QuestionA source document is:
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Sample QuestionRecording in the general journal is for:
Before attempting this short quiz you should have watched the video "Principles of Double Entry Bookkeeping Part 2"You are allowed 30 minutes to complete the quiz.Good Luck!
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Sample QuestionPayment of insurance through the bank involves entries in two accounts
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