Essential Book Keeping Quizzes & Trivia
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Questions: 5 | Attempts: 423 | Last updated: Jun 16, 2014
Questions: 10 | Attempts: 179 | Last updated: May 30, 2014
Questions: 12 | Attempts: 108 | Last updated: Feb 5, 2016
Questions: 6 | Attempts: 67 | Last updated: Feb 5, 2016
Questions: 5 | Attempts: 423 | Last updated: Jun 16, 2014
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Sample Questionनिम्नलिखित में से सिक्खों का प्रथम गुरु कौन था?
Questions: 10 | Attempts: 179 | Last updated: May 30, 2014
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Sample QuestionThe basic aim of bookkeeping is to maintain a set of accurate records of a business’ financial transactions.
Questions: 12 | Attempts: 108 | Last updated: Feb 5, 2016
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Sample QuestionThe system that forms the basis of most accounting procedures is called single entry bookkeeping.
Questions: 6 | Attempts: 67 | Last updated: Feb 5, 2016
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Sample QuestionIt is much easier to have a lot of accounts with relatively few transactions in each.
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Questions: 6 | Attempts: 21 | Last updated: May 30, 2014
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Sample QuestionA cash book is a simple layout across a double page.
Questions: 10 | Attempts: 19 | Last updated: May 30, 2014
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Sample QuestionVAT is a direct tax which enables the Government to tax consumer expenditure on a very wide scale.
Questions: 8 | Attempts: 18 | Last updated: May 30, 2014
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Sample QuestionThe law dictates that a partnership must have between ______ partners.
Questions: 8 | Attempts: 17 | Last updated: May 30, 2014
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Sample QuestionIn order to ensure that the records are accurate, firms are obliged to carry out stock takes, either on a continual basis or annually.
Questions: 8 | Attempts: 13 | Last updated: May 30, 2014
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Sample QuestionThe day books are the place where transactions are initially recorded as soon as they take place.
Questions: 10 | Attempts: 13 | Last updated: May 30, 2014
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Sample QuestionA petty cash book will be kept to record small cash transactions and so on, with analysis kept in the petty cash book of what the cash was spent on.
Questions: 8 | Attempts: 12 | Last updated: Feb 19, 2016
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Sample QuestionIn a very small business the entire financial records can be kept in a single book, known as the journal.
Questions: 6 | Attempts: 11 | Last updated: May 30, 2014
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Sample QuestionThe Journal is where you will post those transactions that can not be posted to the cash book or the sales/purchase day book.
Questions: 10 | Attempts: 11 | Last updated: May 30, 2014
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Sample QuestionWriting cheques and recording information on the counterfoil is historically referred to as nominal items.
Questions: 8 | Attempts: 11 | Last updated: May 30, 2014
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Sample QuestionIn calculating the amount of VAT due to HM Revenue and Customs, businesses total up the VAT charged on sales, and deduct the VAT paid for business supplies and other eligible costs.
Questions: 8 | Attempts: 9 | Last updated: May 30, 2014
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Sample QuestionA ‘debtor’ is someone you owe money to.
Questions: 6 | Attempts: 9 | Last updated: May 30, 2014
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Sample QuestionClubs and societies aim to break even whilst providing a service to their members.
Questions: 6 | Attempts: 8 | Last updated: May 30, 2014
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Sample QuestionA balance sheet is a means of checking the accuracy of the accounts.
Questions: 10 | Attempts: 7 | Last updated: May 30, 2014
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Sample QuestionThe basic aim of any business is to make a profit, on the basis that profits increase the value of the firm.
