Business studies Mcqs, Accounts Mcqs, Business studies notes,Quiz and case Based Questions, Quizizz

Accounting Terms Quiz-1 Index => Accounting Terms Quiz-1 Quiz Show all questions <=   => Which of the following is an example of a non-current asset that is not depreciated? ?   Land held for future use ?   Office Furniture ?   Delivery Trucks ?   Computer Equipment Which of the following is not a loose tool? ?   Hammer ?   Screwdriver ?   An axe ?   Wrench Which of the following is the correct definition of an entity? ?   A thing or object in the real world that is distinguishable from all other objects. ?   A set of data that is stored together in a database. ?   A person, place, thing, or event that is represented in a database. ?   A relationship between two or more entities. Which of the following is not an expenditure? ?   Selling expenses ?   Administrative expenses ?   Cost of goods sold ?   Interest expense Which of the following is NOT considered a non-current asset? ?

Source Documents and preparation of vouchers Quiz-1 Index => Source Documents and preparation of vouchers Quiz-1 Quiz Show all questions <=   => Which of the following transactions is a voucher prepared for? ?   Cash or credit purchase ?   Cash or credit sale ?   Cash received and paid ?   All of the above What is the typical source of a pay-in slip? ?   The customer receiving payment from a business. ?   The bank issuing the pay-in slip to account holders. ?   The supplier providing goods or services to a business. ?   The employee receiving their salary from an employer. What is the main purpose of a cash memo? ?   To request payment from a customer. ?   To record cash transactions made by a business. ?   To provide evidence of a credit sale. ?   To authorize cash withdrawals from a bank. Which of the following statements best describes a voucher in the context of business accou