Accounting Hard Mode Jobs Test

Accounting Test Hard Mode

Sr. #	Questions	Answers Choice
1	Any activity undertaken for the purpose of earning profit is called	Dealing Business Performance Duties
2	Expenses paid in advance are called	Prepaid expenses Deferred expenses Expired expenses Both prepaid & expired expenses
3	If more than two accounts are involved in one transaction the journal entry is called	Simple entry Skeleton entry Compound entry Double entry
4	Carriage paid on goods sold is a	Direct expense Operating expense General expense Selling expense
5	A bill of exchange is accepted by	Debtor Holder Creditor Seller