Accounting Quiz 03

Assets having physical existence are called ___________?

Current asset

Tangible asset

Intangible asset

Liquid asset

Correct! Wrong!

Debts which are payable in the course of a month are called _____________?

External liabilities

Current liabilities

Liquid Liabilities

Fixed liabilities

Correct! Wrong!

The systems of accounting are _____________?

Three

Five

Six

Two

Correct! Wrong!

For the business, capital is ____________?

Liability

Expense

Assets

All of them

Correct! Wrong!

The assets which come into existence upon the happening of a certain event are called__________?

Quick assets

Fictitious assets

Fixed assets

Contingent assets

Correct! Wrong!

The unsold goods are ______________?

Equity

Sale return

Inventory

Purchases

Correct! Wrong!

When owner withdraw cash for its private use, it is called ___________?

Drawing

Profit

Income

Expense

Correct! Wrong!

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?

Compensating error

Error of principle

Error of commission

Error of omission

Correct! Wrong!

The assets which have some market value are called ____________?

Real assets

Big assets

Quick assets

Fixed assets

Correct! Wrong!

Income earned but not received is called ____________?

Outstanding asset

Fictitious assets

Quick asset

Real asset

Correct! Wrong!

Accounting Quiz 03

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 03

Assets having physical existence are called ___________?

Debts which are payable in the course of a month are called _____________?

The systems of accounting are _____________?

For the business, capital is ____________?

The assets which come into existence upon the happening of a certain event are called__________?

The unsold goods are ______________?

When owner withdraw cash for its private use, it is called ___________?

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?

The assets which have some market value are called ____________?

Income earned but not received is called ____________?

About the author

Muhammad Arslan

Assets having physical existence are called ___________?

Debts which are payable in the course of a month are called _____________?

The systems of accounting are _____________?

For the business, capital is ____________?

The assets which come into existence upon the happening of a certain event are called__________?

The unsold goods are ______________?

When owner withdraw cash for its private use, it is called ___________?

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?

The assets which have some market value are called ____________?

Income earned but not received is called ____________?

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About the author

Muhammad Arslan