Using Accounting Software MCQ with Answers

Using Accounting Software MCQ with Answers

11) Which is the main book of final entry for accounts?

Answer is:

Ledger

12) What is termed as excess of credit side total amount over debit side total amount in profit and loss account?

Answer is:

Profit

13) Which book is used to record transactions relating to return of goods to suppliers?

Answer is:

Purchase Return Book

14) Which is a statement of assets and liabilities?

Answer is:

Balance sheet

15) Which accounting system is incomplete and unscientific?

Answer is:

Single Entry System