Accounting Quiz 02

Building and furniture are called ____________?

Fixed assets

Tangible asset

Current asset

Fictitious asset

Correct! Wrong!

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

Discount

Price

Allowance

Voucher

Correct! Wrong!

Sales return is also known as____________?

Return outward

Return Payed

Return received

Return inward

Correct! Wrong!

Goods return to customer are known as:

Merchandise return

Purchase return

Return inwards

Sales return

Correct! Wrong!

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

Discount

Allowance

Cash discount

Trading discount

Correct! Wrong!

The excess of current assets over current liabilities is called:

Fixed capital

Trading capital

Circulating capital

Working Capital

Correct! Wrong!

Reduction in price is called:

Discount

Paid price

Book price

Invoice price

Correct! Wrong!

Cash discount is provided on _______________?

Sales

Purchases

Sales

Prompt payment

Correct! Wrong!

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

Return outwards

Sales

Return inward

Purchases

Correct! Wrong!

Cash brought by the owner to start business is called__________?

Drawing

Capital

Loan

None of these

Correct! Wrong!

Accounting Quiz 02

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Accounting Quiz 02

Building and furniture are called ____________?

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

Sales return is also known as____________?

Goods return to customer are known as:

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

The excess of current assets over current liabilities is called:

Reduction in price is called:

Cash discount is provided on _______________?

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

Cash brought by the owner to start business is called__________?

About the author

Muhammad Arslan

Building and furniture are called ____________?

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

Sales return is also known as____________?

Goods return to customer are known as:

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

The excess of current assets over current liabilities is called:

Reduction in price is called:

Cash discount is provided on _______________?

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

Cash brought by the owner to start business is called__________?

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About the author

Muhammad Arslan