Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	The accounts of expenses, incomes, losses and gains	real accounts valuation accounts nominal accounts personal accounts
2	Cash paid to Naeem will affect	cash & capital cash & creditor cash and debtors cash & goods
3	The effect of drawing on accounting equation is	decrease in assets and decrease in liabilities increase in both assets & liabilities decrease in assets and increase in capital none of these
4	When cash is paid to creditors it will decrease	cash capital debtor cash & creditors
5	Purchased goods on credit and for cash will affect	cash & goods cash & creditors cash creditors & owner's equity cash goods and creditors

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