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

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

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

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

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

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

    Profit and Loss Account
    Bank Cash Book
    Trading Account
    Balance Sheet
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