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Principles of Accounting
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Principles of Accounting
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Principles of Accounting
A list of all accounts with their account number is…
Trial balance
Chart of accounts
Journal
Balance sheet
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rikazzz
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Principles of Accounting
Discount charges of Rs 1000 on discounting a B/R by one of the co-venture, maintaining all joint ventures transactions in his books of account will be:
debited to Joint Venture Account.
debited to Profit & Loss Account.
debited to Other Co-venturer’s Account
None of the above.
Author:
rikazzz
Comment
Principles of Accounting
Dealings between two persons is a:
Narration
Entry
Transaction
None of the above
Author:
rikazzz
Comment
Principles of Accounting
When the form and flow of operations of an entity are so devised that automatic checks are carried out as the transaction occurs, it is called:
Test check
Internal check
Internal control
Internal audit
Author:
rikazzz
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Principles of Accounting
Making a payment on account would result in…
A debit to accounts payable
A credit to accounts payable
A debit to cash
A debit to accounts receivable
Author:
rikazzz
Comment
Principles of Accounting
Anything with value is owned is called?
Equities
Asset
Liability
Profit
Author:
rikazzz
Comment
Principles of Accounting
______ describes a record of the transaction.
Income statement
Journal
General ledger
Charter of accounts
Author:
rikazzz
Comment
Principles of Accounting
The report that summarizes the cash and credit card sales of a point-of-sale terminal
POS terminal
Terminal summary
Cash receipts
Emoji
Author:
rikazzz
Comment
Principles of Accounting
Which of the following is NOT an example of a source document?
Purchase Orders
General Journal
Bills from suppliers
Bank Statements
Author:
rikazzz
Comment
Principles of Accounting
Saleem purchased goods of Rs. . This can be classified as:
an event
a transaction
a transaction as well as an event
neither a transaction nor an event
Author:
rikazzz
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