Principles Of Double Entry Bookkeeping : Part 1

4 Questions

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Principles Of Double Entry Bookkeeping : Part 1

You should have watched the video entitled "Principles of Double Entry Bookkeeping : Part 1" before attempting this short quiz. Allow yourself 10 minutes to complete the quiz. Good Luck!


Questions and Answers
  • 1. 
    An accounting system is concerned with
    • A. 

      Non-financial transactions

    • B. 

      Financial transactions only

  • 2. 
    The business bank account is used to record money received and money paid.
    • A. 

      True

    • B. 

      False

  • 3. 
  • 4. 
    Most accounting systems are based on double-entry accounts.
    • A. 

      True

    • B. 

      False