Question No
Questions
А
1
Book Keeping and Accounting?
means same ar
are used
interchangeab
includes Book
Keeping
2.
Accounting-
3
Which of the following will not be
recorded in the books of account?
Sales of goods
4
Book Keeping is concern with-
recording finand
data relating t
business
operations
5
Which is the last step of accounting as a
process of information?
Recording the
transactions
6
Basic function of financial accounting is
to-
record all busin
transactions
7
Transactions are posted into Ledger
Account from
Vouchers
Purchase of god
for resale
amounted to R
50,000
Which of the following is not a business
transactions?
8
9
Which of the following transactions will
not be recorded in the books of account?
Purchased a LO
for personal us
paying the amou
from personal ba
account
10
Accounting does not show the realisable
value of bussiness, It is a/an?
limitation of
Accounting
11
Which of the following is not an internal
user of financial statements?
Board of Directo
12
Which of the following is not a
characteristic of accounting?
Which of the following is a limitation of
accounting?
Cost of Goods Manufactured is
determined by?
Recording nor
monetary
transactions
Assistance to
Management
Financial
Accounting
13
14
10.
Answers
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