10 Questions
What is the primary purpose of bookkeeping?
Recording financial transactions
Who is usually responsible for performing bookkeeping functions in an organization?
The bookkeeper
What are the two standard methods of bookkeeping mentioned in the text?
Single-entry and double-entry
What kind of ledger contains records of sales, purchases, receipts, and payments?
Customer ledger
Who can create financial reports from the information recorded by the bookkeeper?
Accountant
What is the final examination conducted every year for high school students in India?
All India Senior School Certificate Examination (AISSCE)
How are subjects like Physics, Chemistry, Biology, etc. graded in the AISSCE?
Out of 100 marks, with 30/20 reserved for practicals and internals
When are the CBSE Board exams conducted?
November and February-March
What did CBSE issue guidelines for in March 2019?
Addition of practical marks to mathematics
What percentage of the aggregate score was subject to internal assessment before 2020?
0%
Test your knowledge of bookkeeping with this quiz on recording financial transactions, preparing source documents, and standard methods of bookkeeping including single-entry and double-entry systems.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
