Basic Accounts Test

Q10. A Bank Reconciliation Statement is......
Items in Cash Book
Items in the Pass Book
Difference Between Cash Book & Pass Book
Q9. Wages & Salaries is transferred to....
Trading account
Profit & Loss Account
Profit & Loss Appropriation Account
Q4. What is a simple journal entry? An entry with
only two elements
More than two elements
More than three elements
Q3. In double entry accounting we use..........
Positive & Negative Numbers
Only Positive numbers
Only Negative numbers
Q2. Which of these increases the debit side?
Assets & Expense a/c
Liability & Equity
Revenue
Q1. What is the basis of accounting?
Cash Basis
Accrual Basis
Cant answer from the above
Q8. A cash book is one which records
Only cash transactions
Cash & credit transactions
Cant answer from the information provided
Q7. Salaries & Wages will be transferred to
Trading account
Profit & Loss Account
Profit & Loss Appropriation a/c
Q6. The rule for nominal account is
Dr. what comes in Cr. what goes out
Dr. the receiver Cr. the giver
Dr. all expenses and losses Cr. all incomes and gains
Q5. A real account involves.......
Tangible things
Person's account
Any expense or revenues/ gains & losses








































Description:

This test involves questions from basic accounting

Discussion

preeti saharan

i have given the right answers

4238 days 13 hours 6 minutes ago

tanasha cranston

i love this test please make one just for me and i got 10 out of 10 whoooooooooo

4296 days 4 hours 38 minutes ago

sonialewis

nice one!

4339 days 19 hours 19 minutes ago

shravan

very nice

4434 days 15 hours 9 minutes ago

tawosun

aaaaa very usefull i think all bignners should take this quiz

4681 days 16 hours 10 minutes ago

Noopur Gupta
I can teach Basic Eng. Grammer, Business Studies & Accounts
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