USING ACCOUNTING SOFTWARE - Quiz

1) Which are the things and properties for resale that converts into cash?

Current assets Business Transaction Liabilities Purchase

2) Who receives benefits without giving money immediately but liable to pay in future?

Creditor Debtor Owner Worker

3) Which function key is used to record fund transfer between cash and bank account?

F4 F5 F6 F7

4) Which document is issued by the receiver of cash to the giver of cash acknowledging the cash received voucher?

Ledgers Journals Receipts Vouchers

5) What is a summarized record of all the transactions to every person, every property and every type of service?

Account Journals Ledgers Vouchers