Using Accounting Software Set 2

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

(A) Current assets

(B) Business Transaction

(C) Liabilities

(D) Purchase

Current assets

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

(A) Creditor

(B) Debtor

(C) Owner

(D) Worker

Debtor

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

(A) F4

(B) F5

(C) F6

(D) F7

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

(A) Ledgers

(B) Journals

(C) Receipts

(D) Vouchers

Receipts

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

(A) Account

(B) Journals

(C) Ledgers

(D) Vouchers

Account