Practice Test | Kullabs.com
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  • Accounting is broader than ______.

    journalizing
    ledger
    subsidiary books
    book-keeping
  • Which one of the following is the feature of accounting?

    All the options are character
    Based on principle
    Continuous process
    Financial character
  • Which one of them is the objective of accounting?

    To analyze and interpret the financial information
    To ascertain profit or loss
    To keep complete and systematic record
    All the options are correct
  • The government has the biggest responsibility for providing ______ to the people.

    peace 
    all the options are correct
    welfare 
    services 
  • Accounting facilitates to ascertain net results about the profit or loss of operation by preparing ______.

    Profit and Loss Account
    Budget Sheet
    Balance Sheet
    Trading Account
  • Accounting facilitates to show financial position of the organization by preparing ______.

    Bank Cash Book
    Trading Account
    Profit and Loss Account
    Balance Sheet
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