Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Narration is always written:	Above each entry Below each entry Between of each entry None of these
2	Nominal account are related to:	Assets and liabilities Expenses, losses and incomes Customers, creditors etc Capital account
3	Real accounts are related to:	Assets Expenses,  losses and incomes Customers,  creditors Incomes
4	The concept of conservation will have the effect of:	Understatement of assets Under statement of liabilities Overstatement of assets None of the above
5	Any activity undertaken for the purpose of earning profit is called:	Performance Dealing Business Duties

News