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
|