Modern system of book keeping is called______________?
(A) Double entry system
(B) American system
(C) Single entry system
(D) Italic system
Goods Return by the customer are termed as :
(A) Purchase return
(B) Customer return
(C) Sales return
(D) Inventory return
The maintenance of accounts in a systematic way is called__________?
(A) Accounting
(B) Reading
(C) Book Keeping
(D) Auditing
An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
(A) Accounting
(B) Accountancy
(C) Auditing
(D) Book Keeping
A systematic way to maintain the books of accounts is called_________?
(A) Accountancy
(B) Economics
(C) Book Keeping
(D) Auditing
Building and furniture are called ____________?
(A) Current asset
(B) Fictitious asset
(C) Tangible asset
(D) Fixed assets
In support of business transaction, any written evidence is called ___________?
(A) Discount
(B) Voucher
(C) Allowance
(D) Price
The concession received on the price of defective goods is called:
(A) Discount
(B) Cash discount
(C) Allowance
(D) Trading discount
Cash brought by the owner to start business is called__________?
(A) Capital
(B) Loan
(C) Drawing
(D) None of these