Bookkeeping And Accounting Quiz!

10 Questions | By Riyona.lewis | Last updated: Mar 21, 2022 | Total Attempts: 309

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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