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Accounting Basics CA Foundation

Excellent commerce point > Accounting Basics CA Foundation
Accounts from Incomplete Records – MCQs
29
May

Accounts from Incomplete Records – MCQs 1. What is another name for the Single Entry System?A. Double Entry SystemB. Incomplete Accounting SystemC. Cash SystemD. Accrual SystemAnswer: B. Incomplete Accounting System 2. Under the Single Entry System, which of the following accounts are generally maintained?A. All accountsB. Only Personal and Real accountsC. Only Personal and Cash […]

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Basic Accounting Procedures – Journal Entries
29
May

Basic Accounting Procedures – Journal Entries Q1. Journal is also called as:A) LedgerB) Book of original entryC) Trial BalanceD) Balance SheetAnswer: B) Book of original entry Q2. Which of the following transactions will be recorded in the journal?A) Opening balanceB) Closing stockC) Depreciation on machineryD) Trial balanceAnswer: C) Depreciation on machinery Q3. Which account is […]

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Tags: Accounting Basics CA Foundation , Accounting MCQs with Answers , Accounting Practice Questions , Basic Accounting Procedures , CA Foundation Journal Entries , CA Foundation Study Material , Commerce MCQs , Journal Entries CA Exam , Journal Entry MCQs , Rules of Debit and Credit ,