A. reading B. posting C. numbering D. listing Correct Answer: Option C C. numbering
A. fixed assets and current assets B. assets and long term liabilities C. assets and liabilities D. assets and capital…
A. ledger B. balance sheet C. bank statement D. sales journal Correct Answer: Option D D. sales journal
A. asset account credit purchase account B. asset account credit capital account C. capital account credit asset account D. capital…
A. journal paper B. sales invoice C. debit note D. credit note Correct Answer: Option A A. journal paper
A. cost of sales and increase gross profit B. gross profit and increase cost of sales C. purchases and increases…
A. bulk purchases B. prompt payment C. quick delivery D. cash payment Correct Answer: Option A A. bulk purchases
A. prepare the financial statements B. value stock C. make decisions D. prepare budgets Correct Answer: Option C C. make…
A. net profile or loss for the year B. gross profit or loss for the year C. accumulated fund for…
A. trading account B. profit and loss account C. balance sheet D. appropriation account Correct Answer: Option C C. balance…