Principles of accounting Icom Part 1 English Medium Online Test With Answers

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Principles of accounting Icom Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 Double entry means entry in two sets of books entry at two dates entry for two aspects of a transaction recording twice in journal
2 Bookkeeping provides the primary information secondary information final information insufficient information
3 Modern system of bookkeeping is single entry system double entry system modern system none of these
4 A basis of business languages accounting bookkeeping transaction cost accounting
5 Goods returned by customers are purchases purchases returns sales returns sales
6 A dealing between two persons is called a business transaction purchases sales
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