Transactions Quizzes, Questions & Answers

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This quiz assesses understanding of transactions affecting assets, liabilities, and owner's equity. It tests knowledge of normal balances, and the effects of debits and credits on various account types, crucial for anyone...

Questions: 13  |  Attempts: 491   |  Last updated: Mar 21, 2023
  • Sample Question
    1.  The normal balance side of a Cash account is credit.
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The 'Payment PKT - August' quiz evaluates knowledge on NEFT timelines, mandatory data for bank transactions, refund processes, and customer service protocols related to banking transactions and credit card payments.

Questions: 10  |  Attempts: 126   |  Last updated: May 17, 2023
  • Sample Question
    TAT for NEFT?
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A number of steps must be taken before an insurance transaction can be completed.

Questions: 21  |  Attempts: 93   |  Last updated: Oct 16, 2023
  • Sample Question
    Which of the following is an example of Subrogation?
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__________________________________________________ No. of Questions to be Answered : Random 20 out of 117

Questions: 117  |  Attempts: 504   |  Last updated: Mar 21, 2023
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    The term 'property' as used in the Sale of Goods Act, 1930 means 
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