Accounting Test Hard Mode With Answers

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Accounting Test Hard Mode

Sr. # Questions Answers Choice
1 Bad debts are shown in the Trading A/c None of these Profit & Loss A/c Both first
2 In accounting equation assets are equal to Capital Liabilities Capital + Liabilities Capital + Liabilities
3 Bank reconciliation is prepared by Bank Creditors Auditor Accountant
4 Which of the following books is called book of original entry: Cash book Journal Ledger Sales book
5 If more than two accounts are involved in a journal entry it is called Double entry Contra entry Compound entry Single entry
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