Take the quiz. Retake and answer more questions.
Results
#1. In ________ entry system only one aspect of a business transaction is recorded
#2. The surplus of assets over the liabilities is called as
#3. Book Keeping is
#4. The inventory of goods that remain unused/unsold at the end of the year is called as
#5. The cash available with the business is fixed asset
Cash is current asset.
#6. Salary is
#7. _____________ is the document that certifies the purchase or sale or any other monetary transaction.
#8. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.