Take the quiz. Retake and answer more questions.
QUIZ START
Results
Next
#1. We use ________ to record the transactions pertaining to an asset, expense, liability, person, firm or institution.
Next
#2. Closing stock refers to the goods brought in by the owner when the business is started
Next
#3. Left side of ledger account is
Next
#4. The recording of all the business transactions systematically in a set of books is an art. We call this as
Next
#5. The investment by the proprietor in the business, in the form of goods/cash or any other assets is known as
Next
#6. Vouchers are
Next
#7. In ________ entry system only one aspect of a business transaction is recorded
Next
#8. In a business, ________ is purchased and sold
Next
#9. ____________ are owned by the business and help in smooth functioning of the business.
Next
#10. The surplus of assets over the liabilities is called as
Finish
