10 Class Accountancy Quiz 1.0

The left side of an account is called—

The right side of an account is called—

Revenue means—

Which is the first step of accounting?

The main objective of accounting is—

Capital is—

Accounting is the process of—

Which is a nominal account?

Sales of goods are recorded in—

Which is a personal account?

Which is a real account?

Expense means—

Which is an asset?

Business transactions are recorded in—

The person who invests money in business is called—

Outstanding expenses are—

Double entry system means—

Cash transactions are recorded in—

Purchase of goods is recorded in—

Which is a liability?