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

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

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

    other resources
    financial 
    human
    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?

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

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

    All the options are correct
    To supply information
    To keep permanent records
    To classify transactions
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