Accountancy quiz PAWAN

what is the account ?

• it is the art

• it is the science

• it is the art and science

• none of these

How many type of account?

• 1

• 2

• 3

• 4

which is the qualitative feature of account?

• understandable

• reliable

• comparable

• all of these

Balance sheet is the ______________.

cost accounting is the branch of___________.

Which of the following is a type of financial statement?

• Balance Sheet

• Income Statement

• Cash Flow Statement

• All of these

What does GAAP stand for?

• Generally Accepted Accounting Principles

• General Accounting and Auditing Procedures

• Global Association of Accountants and Professionals

• General Assessment of Accounting Practices

Which of the following is not a component of the accounting equation?

• Assets

• Liabilities

• Equity

• Revenue

What is the main function of an auditor?

• To prepare financial statements

• To verify the accuracy of financial records

• To manage company finances

• To provide tax advice

how many type of cash book ?

• 1

• 2

• 3

• none of these