Accounting Test Hard Mode With Answers

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Accounting Test Hard Mode

Sr. # Questions Answers Choice
1 The entry which is recorded on the both sides of three column cash book is called Single entry Compound entry Double entry Contra entry
2 The book meant for recording all cash transactions is called Purchase book Cash book Sales book Pass book
3 The discount which is calculated on list price of goods is called Trade discount Rebate Cash discount None of these
4 The amount of cash or goods with drawn by the proprietor for personal use is called: Expenses Revenue Capital Drawings
5 The errors which cancel themselves out are called Errors of omission Compensating errors Errors of commission None of these
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