Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	A transaction is recorded on the same days as its takes place, so journal is also called:	A day book A history book An  entry book Ledger book
2	Transaction are recorded data wise, so journal is also called:	Entry book Transaction book Chronological book Voucher
3	Personal account are related to:	Assets and liabilities Expenses, losses Customers, creditors etc. Incomes
4	Salary outstanding account relevant to:	Representative personal account * Artificial person's account* Natural persons account Nominal accounts
5	In double entry system of bookkeeping every business transaction affects:	Debit or credit side of the same account Two accounts The same side of the same account None of the above

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