On January 01 what was the total assets of Mr. Afridi?

1.After recording of transactions, what is the principle object of accounting?

2.Outstanding wages-what type of account?

3.Who approved the voucher?

4.What is the amount of revenue of Adib's business?

5.Primary Books is divided into-

6.Journal is also called- i. Day book ii. Primary book iii. Subsidiary book Which one is correct of the following?

7.In journal, what amount will be debited for purchase A/C?

8.Who prepares the bank reconciliation statement?

9.Bank reconciliation statement is adjusted-

10.____ will be written on the credit side in trial balance. i. Apprenticeship allowance ii. Wages due iii. Reserve for bed debts Which one is correct of the following?

11.Which one is debited in trial balance?

12.Which one is included in trial balance?