Accounting Terms Quiz-2
Accounting Terms Quiz-2 Index => Accounting Terms Quiz-2 Quiz Show all questions <= => Purchase refers to the buying of _________. ? Goods ? Assets ? Investment ? stationary Goods taken by the proprietor for his personal use will be termed as__________ ? Drawings ? Sales ? Withdrawal of Capital ? Liability A statement of balances of assets and liabilities is called_________ ? Capital ? Fixed Assets ? Balance Sheet ? Profit and Loss Account Goods sold on credit to Ram for 2,000. He could not pay the amount due and it was written off as__________ ? Bad Debts Recovered ? Bad Debts ? Loss on Sale ? Increase in Debtors Which of the following is drawings: ? Money withdrawn and re...