Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Which of the following discloses the financial position of the business:	Trading account Profit and loss account Profit and loss appropriation account Balance sheet
2	The act result of the business activities is shown by:	Profit and loss account Profit  and loss appropriation account Trading account Balance sheet
3	A bill of exchange contains:	An unconditional order A promise A request A conditional order
4	Disagreement in balances may arise owing to mistake or mistakes in the:	Cash book only Bank statement Cash book or bank statement Bank column of the cash book only
5	A copy of the customer's account in the bank's ledger is called:	Deposit statement Balance statement Bank statement Customer

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