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Bookkeeping Quiz Bookkeeping Skill Assessment

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Bookkeeping MCQ

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Used by 100s of Jobseekers and students

Used by 100s of Jobseekers and students

Focused questions for skill assessment

Focused questions for skill assessment

Premium questions with correct answers

Premium questions with correct answers

Related Skill Assessment

Free Sample Questions for Bookkeeping

By which of the following formulas should interest on a loan be computed?

(principal x rate)/time

(principal x rate x time)

(principal x time)/rate

(principal x time)/time

Answer:
(principal x rate x time)

Which one of the following is a Contra-Asset account?

Accumulated Depreciation

Bank Charges

Marketable Securities

Accrued Revenue

Answer:
Accumulated Depreciation

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