Recording of Transactions : Analysis of transaction

This set of MCQs helps students to learn about various important things such as, describe the nature of transaction and source documents, explain the preparation of accounting vouchers, supply accounting equation to explain the effect of transactions, record transactions using rules of debit and credit, explain the concept of book of original entry and recording of transactions in journal, explain the concept of ledger and posting of journal entries to the ledger accounts.

Start Quiz

Quiz/Test Summary

Title: Recording of Transactions : Analysis of transaction

Questions: 15

Contributed by: