Multiple Choice Questions

Which of the following will not be recorded in the books of account?

The basic function of financial accounting is to

Transactions are posted into ledger account from

Which of the following is not an internal user of financial statement

The amount invested by the proprietor in a business is termed as

Which of the following is not a fixed asset

Bank overdraft is a

A person who owes money against sale of goods to a firm is known as

Which book is the combination of journal and ledger?

A transaction which is passed on both sides of the cash book is called?