23-12-2024 04:36:45 am
  • Double entry means______________?

    A. Entry in two sets of books

    B. Entry at two ends

    C. Entry at two dates

    D. Entry for two aspects of the transaction

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  • Balance of cashbook shows the: __________?

    A. Difference between income and expenditure

    B. Total of cash available

    C. Interest earned

    D. Deposited amount in bank

  • Cash brought by the owner to start business is called__________?

    A. Drawing

    B. Loan

    C. Capital

    D. None of these

  • Sales return is also known as____________?

    A. Return received

    B. Return outward

    C. Return inward

    D. Return Payed

  • Obligation of the Business are known as___________?

    A. Assets

    B. Expenses

    C. Liabilities

    D. Revenues

  • Double entry means______________?

    A. Entry in two sets of books

    B. Entry at two ends

    C. Entry at two dates

    D. Entry for two aspects of the transaction

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