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Bookkeeping: Quiz

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Question 1: Two common bookkeeping systems used by businesses and other organizations are the single-entry bookkeeping system and the ________.
AccountancyDouble-entry bookkeeping systemBalance sheetAsset

Question 2: Separate account records are maintained for petty cash, accounts payable and receivable, and other relevant transactions such as ________ and travel expenses.
InventoryAccountancyAssetBalance sheet

Question 3: Items such as ________, tea, are listed down in the petty cash book.
CoffeeCaffeineHistory of coffeeCoffeehouse

Question 4: The accounting process is usually performed by an ________.
Chartered AccountantManagement accountingAccountantCertified Public Accountant

Question 5: There are some common methods of bookkeeping such as the Single-entry bookkeeping system and the ________.
AssetBalance sheetDouble-entry bookkeeping systemAccountancy

Question 6: An accountant may prepare the income statement and ________ using the trial balance and ledgers prepared by the bookkeeper
AssetAccountancyEquity (finance)Balance sheet







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