Tag Archives: MCQs

The word “Journal” has been derived from the French word “Jour”. Jour means day. So Journal means daily. Transactions are recorded daily in journal and hence it has  been named so. It is a book of original entry to record chronologically (i.e. in order of date) and in detail the various transactions of a trader. It is also known “Day …

Ledger & Trial Balance – MCQs with Answers FOR MCQs with Answers CLICK BELOW MCQS with Answers  LEDGER CALLED KING OF ALL BOOKS In ledger various accounts are posted from journal, so it is called king of all books. ADVANTAGES OF THE LEDGER Ledger provides better information, to management to increase income and decrease losses of the business. From it …

Accounting is a great subject now a days. Without Accounting, Modern business cant’ be run and no one can understand or run organizations smoothly without accounting. A lot of Job opportunities all over the world are open for those who have a great knowledge and understanding of Accounting Subject. We are started a series of Online Tests for those, who …

Single Entry Bookkeeping System also known as Single Entry Accounting System or Accounts form Incomplete Records. It is a method of bookkeeping relying on a one sided accounting entry to maintain financial information. Most businesses maintain a record of all transactions based on the double entry bookkeeping system. However, many small, simple businesses maintain only a single-entry system that records …

Financial Accounting is an important Branch of Accountancy. Financial Accounting is concerned with recording of business transactions and preparation of statements for the purpose of ascertaining profit or loss of the concern and preparation of balance sheet to know the financial position of the organisation. You can find your desired information from the followings. For Beginners: Chapter No. 1: Introduction …

Journal – MCQs with Anwers Part-I Please wait a little bit to Load Hope you like our efforts, So please don’t forget to Share!  <span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> If you have any suggestions or Queries, Please do not hesitate to use below Disqus Comment….!!!