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Questions and Answers
What is the primary purpose of bookkeeping?
What is the primary purpose of bookkeeping?
- Managing human resources
- Creating marketing campaigns
- Developing new products
- Recording financial transactions (correct)
Who is usually responsible for performing bookkeeping functions in an organization?
Who is usually responsible for performing bookkeeping functions in an organization?
- The IT specialist
- The bookkeeper (correct)
- The marketing manager
- The CEO
What are the two standard methods of bookkeeping mentioned in the text?
What are the two standard methods of bookkeeping mentioned in the text?
- Single-entry and double-entry (correct)
- Cash basis and accrual basis
- Budgeting and forecasting
- Triple-entry and quadruple-entry
What kind of ledger contains records of sales, purchases, receipts, and payments?
What kind of ledger contains records of sales, purchases, receipts, and payments?
Who can create financial reports from the information recorded by the bookkeeper?
Who can create financial reports from the information recorded by the bookkeeper?
What is the final examination conducted every year for high school students in India?
What is the final examination conducted every year for high school students in India?
How are subjects like Physics, Chemistry, Biology, etc. graded in the AISSCE?
How are subjects like Physics, Chemistry, Biology, etc. graded in the AISSCE?
When are the CBSE Board exams conducted?
When are the CBSE Board exams conducted?
What did CBSE issue guidelines for in March 2019?
What did CBSE issue guidelines for in March 2019?
What percentage of the aggregate score was subject to internal assessment before 2020?
What percentage of the aggregate score was subject to internal assessment before 2020?
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