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Accountancy & Financial Accounting Quiz Questions
A sample of the 10 questions below — instant scoring and an explanation for every answer. No sign-in required to play.
Question 1
In the double-entry system of accounting, every transaction affects at least how many accounts?
ATwo
BOne
CThree
DFour
Question 2
What is the book of original entry where transactions are first recorded chronologically?
ALedger
BJournal
CTrial balance
DBalance sheet
Question 3
What statement lists all ledger account balances to verify that debits equal credits?
ABalance sheet
BIncome statement
CTrial balance
DCash flow statement
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