Accounting Quiz 02

Cash brought by the owner to start business is called__________?

Drawing

Loan

None of these

Capital

Correct! Wrong!

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

Voucher

Allowance

Price

Discount

Correct! Wrong!

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

Allowance

Discount

Trading discount

Cash discount

Correct! Wrong!

Sales return is also known as____________?

Return inward

Return Payed

Return received

Return outward

Correct! Wrong!

Building and furniture are called ____________?

Tangible asset

Fixed assets

Current asset

Fictitious asset

Correct! Wrong!

Cash discount is provided on _______________?

Sales

Purchases

Prompt payment

Correct! Wrong!

The excess of current assets over current liabilities is called:

Trading capital

Circulating capital

Fixed capital

Working Capital

Correct! Wrong!

Reduction in price is called:

Invoice price

Discount

Book price

Paid price

Correct! Wrong!

Goods return to customer are known as:

Merchandise return

Purchase return

Return inwards

Sales return

Correct! Wrong!

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

Return inward

Purchases

Return outwards

Sales

Correct! Wrong!

Accounting Quiz 02

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Accounting Quiz 02

Cash brought by the owner to start business is called__________?

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

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

Sales return is also known as____________?

Building and furniture are called ____________?

Cash discount is provided on _______________?

The excess of current assets over current liabilities is called:

Reduction in price is called:

Goods return to customer are known as:

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

About the author

Muhammad Arslan

Cash brought by the owner to start business is called__________?

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

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

Sales return is also known as____________?

Building and furniture are called ____________?

Cash discount is provided on _______________?

The excess of current assets over current liabilities is called:

Reduction in price is called:

Goods return to customer are known as:

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

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About the author

Muhammad Arslan