Accounting Quiz 02

Cash discount is provided on _______________?

Purchases

Sales

Prompt payment

Sales

Correct! Wrong!

Building and furniture are called ____________?

Tangible asset

Fixed assets

Fictitious asset

Current asset

Correct! Wrong!

When goods, in which business deals are sold, it is called___________?

Sales

Purchases

Return inward

Return outwards

Correct! Wrong!

In support of business transaction, any written evidence is called ___________?

Voucher

Price

Allowance

Discount

Correct! Wrong!

Reduction in price is called:

Book price

Paid price

Invoice price

Discount

Correct! Wrong!

Cash brought by the owner to start business is called__________?

Loan

Drawing

Capital

None of these

Correct! Wrong!

Sales return is also known as____________?

Return outward

Return Payed

Return inward

Return received

Correct! Wrong!

The concession received on the price of defective goods is called:

Cash discount

Discount

Allowance

Trading discount

Correct! Wrong!

The excess of current assets over current liabilities is called:

Fixed capital

Trading capital

Working Capital

Circulating capital

Correct! Wrong!

Goods return to customer are known as:

Merchandise return

Return inwards

Purchase return

Sales return

Correct! Wrong!

Accounting Quiz 02

Well Done !

Your parents would be so proud of you :'D

You Could Do Better !!!

Give it another try 😉

Oh Shoot ! Try Again Maybe ?

Try again bachaa :3

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Accounting Quiz 02

Cash discount is provided on _______________?

Building and furniture are called ____________?

When goods, in which business deals are sold, it is called___________?

In support of business transaction, any written evidence is called ___________?

Reduction in price is called:

Cash brought by the owner to start business is called__________?

Sales return is also known as____________?

The concession received on the price of defective goods is called:

The excess of current assets over current liabilities is called:

Goods return to customer are known as:

About the author

Muhammad Arslan

Cash discount is provided on _______________?

Building and furniture are called ____________?

When goods, in which business deals are sold, it is called___________?

In support of business transaction, any written evidence is called ___________?

Reduction in price is called:

Cash brought by the owner to start business is called__________?

Sales return is also known as____________?

The concession received on the price of defective goods is called:

The excess of current assets over current liabilities is called:

Goods return to customer are known as:

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About the author

Muhammad Arslan