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basic fundamentals of accounting-accounting process


Mock test in accounting process in basic fundamentals of accounting covers  Documents & Books of Accounts: Invoice, Vouchers, Debit & Credit Notes, Day books, Journals, Ledgers and Trial Balance – Capital and Revenue: Expenditures and Receipts; Contingent Assets and Contingent Liabilities

Accounting process - Test 2

Subject :- Fundamentals of Accounting & Auditing

Chapter :- Accounting process-I – Test 2

Questions :- 25


  • Accounting is used by business entities for keeping records of their financial transactions.
  • Business Entity would like to know whether  business is making a profit or incurring a loss, the position of  assets and liabilities and whether his capital in the business has increased or decreased during a particular period