Take the quiz. Retake and answer more questions.
Results
#1. In a business, ________ is purchased and sold
#2. The inventory of goods that remain unused/unsold at the end of the year is called as
#3. Closing stock refers to the goods brought in by the owner when the business is started
#4. Left side of ledger account is
#5. Book Keeping is
#6. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.
#7. The cash available with the business is fixed asset
Cash is current asset.