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

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

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

    all the options are correct
    human
    financial 
    other resources
  • 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?

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

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

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