principles of accounting
Quiz by Renuka K PSGRKCW
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- Q1
Theart of recording, classifying and summarizing is called
Bookkeeping
Journalizing
) Accounting
Record Keeping
30s - Q2
Return of goods sold is recorded in
purchase return book
sales return book
purchase return book
sales return book
30s - Q3
The journal is a book of
petty cash transactions
original entry
none of the above
secondary
30s - Q4
Recordingof the business transaction in a systematic way is called
Bookkeeping
Recording
Journalizing
Accounting
30s - Q5
Modern system of bookkeeping is
) None of these
British system
Single entry system
Double entry system
30s - Q6
Amountinvested by the proprietor in the business should be credit to:
Drawing
A/c payable
Cash
Capital
30s - Q7
Goods returned to supplier should be debited to
Return inward
Supplier’s Account
Return outward
Sales return
30s - Q8
A journal entry that requires more than two accounts is called
Single entry
Double entry
Combined entry
Compound entry
30s - Q9
Title of account is given in
Title of Account
Ledger
Journal
Transaction
30s - Q10
The cash book records
credit payment
all cash receipts and payments
all cash receipts
all cash payments
30s