I-COM | Part-1

Principal of Accounting

Chapter 1 : Introduction

Intermediate in Commerce | First Year

Multiple Choice Questions

PART-1

Chapter 1 : Introduction

Question 1:

Accounting means:

Recording Classifying Smmarizing All of these

Question 2:

Accounting is called:

A knowledge An art A science A trick

Question 3:

Accounting has ..... branch/branches.

one two three four

Question 4:

Accounting is a language of:

Finance Business Commerce Economics

Question 5:

The art of recording, classifying and summarizing the business transaction is called:

Book keeping Accounting Journalizing Auditing

Question 6:

Cash brought by the owner to start business is:

Capital Loan Drawing None of these

Question 7:

The owner of the business is called:
OR
The owner of the single owner business is called:

Business man Banker Auditor Proprietor

Question 8:

Book keeping is the first step of:

Accounting Banking Auditing None of these

Question 9:

The term "Accounting" and "Book keeping" are:

Opposite Different Same None of these

Question 10:

Cash invested by owner is called:

Asset Loan Capital Liability

I-COM | Part-1 | Principal of Accounting | Impotant MCQs | Chapter 01

I-COM | Part-1

Principal of Accounting

Chapter 1 : Introduction

Multiple Choice Questions

PART-1

Chapter 1 : Introduction

Question 1:

Question 2:

Question 3:

Question 4:

Question 5:

Question 6:

Question 7:

Question 8:

Question 9:

Question 10:

Quiz Results

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