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Financial Accounting Quiz (Record, Financial, Balances)

Which one of the following is NOT prepared by Non profit organizations?

An informal accounting statement that lists the ledger account balances at a point in time and compares the total of debit balances with the total of credit balances is known as:

Documentary evidence, in a specific format used to record the details of a transaction is known as:

A summarized record of transactions related to individuals or things is called a/an

When a Liability is reduced or decreased, it is recorded on the:

Cost incurred for the maintenance of shop is considered as

A” sold goods for $3, 00,000 to Mr. “B”,$3, 00,000 will be treated as for business.

Double entry accounting system includes:

Which of the following financial statement shows the financial health of an Organization at a stated period of time?

The records that are kept for the individual asset, liability, equity, revenue, expense, and dividend Components are known as:

Tagged as: record
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