Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	An operating statement is similar to a	Balance sheet bank reconciliation statement Financial statement Profit or loss statement
2	Assets which have no physical existence are called	Tangible assets Fictitious assets Liquid assets Intangible assets
3	Drawings are deducted from	Sales Income Capital Expenses
4	If sales are Rs. 12000 Gross profit is 10% of sales and net profit is 5% of sales then the expenses will be	1200 600 1800 2400
5	Position statement is similar to a	Trial balance Balance sheet Financial statement Bank reconciliation statement

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