Practice Test | Kullabs.com
0%
  • Liability accounts will normally have __________ balances.

    none of the options are correct
    credit
    debit
    equal
  • ______ is the art of recording, classifying and summarizing the transactions and events of a business and interpreting the results thereof.

    Book-keeping
    Auditing
    Accounting
    Managing
  • In order to achieve the stated objectives, an organization requires utilizing its ______ in the best possible manner.

    financial 
    human
    other resources
    all the options are correct
  • 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?

    J. R. Batliboi
    Rosenkamp
    A.N. Agrawal
    R.N. Carter
  • "Book- keeping is the art of recording business dealings in a set of books." Who gave this definition?

    A.N. Agrawal
    J. R. Batliboi
    R.N. Carter
    Rosenkamp
  • Which one of them is the objective of book-keeping?

    To supply information
    To keep permanent records
    All the options are correct
    To classify transactions
  • You scored /6


    Take test again