BASIC ACCOUNTING
Authored by PRADEEP PRAJAPATI
Financial Education
University
Used 10+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
Balance sheet is a -----summary of company's financial position at a ----- point in time.
(a)
2.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
Assets are -------owned by the individual or firm.
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
Liabilities represents a claim made by ------.
(a)
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Purchase of laptop of rs. 60000 using a bank loan.
Increase in asset & decrease in liabilities
Increase in asset & increase in liabilities
decrease in asset & decrease in liabilities
decrease in asset & increase in liabilities
5.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Using savings deposit in bank to return the loan of rs. 50000
Increase in asset & decrease in liabilities
Increase in asset & increase in liabilities
decrease in asset & decrease in liabilities
decrease in asset & increase in liabilities
6.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Interest of rs. 5000 on savings deposit in bank.
Increase in asset & decrease in liabilities
Increase in asset & increase in equity
decrease in asset & decrease in liabilities
decrease in asset & increase in liabilities
7.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Theft of a printer worth rs. 10000
Increase in asset & decrease in liabilities
Increase in asset & increase in equity
decrease in asset & decrease in equity
decrease in asset & increase in liabilities
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
