Practice Test |
  • A business organization performs a large number of financial transactions on a ______ basis.

  • The financial transactions of the business organizations relate to ______.

    receiving incomes
    paying expenses
    all the options are correct
    acquiring assets
  • "Book- keeping is the art of recording business dealings in a set of books." Who gave this definition?

    R.N. Carter
    S.P. Arora
    J. R. Batliboi
  • Which one of them is the objective of book-keeping?

    To keep systematic records
    To find out operational result of the business
    All the options are correct
    To classify the transactions
  • "Book-keeping is the science and art of correctly recording in books of accounts, all those business transactions that result in the transfer of money or money worth." Who gave this definition?

    Dr. A. N. Agrawala
    L.C. Cropper
    R.N. Carter
    J.R. Batliboi
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