Accounting Test Hard Mode With Answers

Accounting Test Hard Mode

Sr. # Questions Answers Choice
1 Debit balance of cash book is also called Unfavourable balance Favourable balance Negative balance Both un favourable and favourable balance
2 The book in which small payments like refreshment tissues etc are recorded is called Main cash book Cash account Petty cash book Both main cash book & petty cash book
3 The process of recording business transactions in the journal is called Posting Classifying Journalising Entry
4 Modern system of book keeping is Single entry system Double entry system Modern system None of these
5 A bill of exchange is drawn by a Debtor Holder Creditor None of these
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