Principles of Accounting Quiz
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Questions and Answers

What is the principal of accounts?

  • The head of a school
  • The initial amount of money invested or borrowed (correct)
  • The most important rule in accounting
  • The principal's office in a company

    • What does 'principal' mean in the context of accounts?

  • The chief executive officer of a company
  • The amount of money initially invested or borrowed (correct)
  • The primary accounting software used
  • The primary shareholder of a company

    • In accounting, what does 'principal' refer to?

  • The person in charge of a company
  • The main accounting ledger
  • The original amount of money (correct)
  • The highest-ranking accountant

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