Transaction

The event that changes the financial position of the people or organization is known as:

Not all events are:

Only events measurable in terms of money are treated as:

Literally, the meaning of the word transaction is:

Transaction that affects two different parties or organizations is called:

Transaction that affects only the internal financial state is called:

Depreciation of equipment is an example of:

Babul Stores purchasing goods from a supplier is an example of:

Salary paid to Mrs. Mahbuba for her job of Tk.2,000 is a:

Invisible event that can be a transaction includes:

The injury of a shopkeeper while coming from the shop is:

Buying an almirah by Simanto Traders is:

One of the most important features of a transaction is that it must be measurable in terms of:

Death of the manager of a business is:

Goods destroyed by fire worth Tk.20,000 is:

If an order to buy furniture worth Tk.5,000 is placed, it is:

Every transaction must have:

Each transaction is completely:

Transactions can be:

Depreciation of furniture worth Tk.1,000 is an example of:

Allowance for bad debts is an example of:

The accounting equation is affected by:

The features of a transaction include:

Goods sold on credit and payment received 7 days later are:

The accounting equation is:

In the equation A = L + OE, A stands for:

In the accounting equation, OE stands for:

Asset means the economic resources that:

Liability is the:

Owner's equity is the:

The expanded accounting equation is:

In the expanded equation, C represents:

In the expanded equation, D represents:

In the expanded equation, R represents:

In the expanded equation, E represents:

Furniture and machinery are examples of:

Owner's equity is affected by:

In the equation A = L + OE, what does the OE component represent?

Started business with cash Tk.5,000 — this transaction:

Purchased machinery on credit Tk.5,000 — this transaction:

Paid Tk.3,000 to accounts payable — this transaction:

Salaries paid in cash Tk.2,000 — this transaction:

Furniture purchased in cash Tk.1,00,000 — this transaction:

Business loan Tk.5,000 paid off by the owner personally — this transaction:

Goods purchased on credit Tk.7,000 — this transaction:

Payment of accounts payable by taking loan of Tk.20,000 — this transaction:

Owner withdrew goods Tk.5,000 — this transaction:

If total asset increases, total liabilities or owner's equity will:

If owner's equity increases, total liabilities will:

The transaction "Cash withdrawal for personal use" decreases:

The transaction causes only owner's equity to increase or decrease equally:

Total number of types of accounts is:

The five types of accounts are:

Capital account belongs to which classification?

Drawings account belongs to which classification?

Cash account is classified as:

Bank account is classified as:

Purchase account is classified as:

Sales account is classified as:

Furniture account is classified as:

Machinery and equipment account is classified as:

Purchase return account is classified as:

Sales return account is classified as:

Accounts payable account is classified as:

Accounts receivable account is classified as:

Bills payable account is classified as:

Bills receivable account is classified as:

Inventory account is classified as:

Loan account is classified as:

Investment account is classified as:

Salaries account is classified as:

Rent account is classified as:

Freight account is classified as:

Interest received account is classified as:

Interest paid account is classified as:

Advertisement account is classified as:

Bad debts account is classified as:

Discount allowed account is classified as:

Discount received account is classified as:

Depreciation account is classified as:

Accrued expense (outstanding) account is classified as:

Accrued income account is classified as:

Prepaid expense account is classified as:

Unearned revenue account is classified as:

Repair expense account is classified as:

Office equipment account is classified as:

Office supplies account is classified as:

When the owner brings cash, goods, or assets to the business, it is recorded as:

When the owner withdraws cash or goods for personal use, it is recorded as:

Goods purchased for resale are recorded as:

Returned goods to supplier reduces:

Returned goods from customer reduces:

Salaries paid to employees are recorded under:

Items like clocks, staplers, calculators, paperweights are recorded under:

Items like computers, air conditioners, photocopiers are recorded under:

Significant repair that extends useful life of asset is debited to:

Idle funds invested in shares, savings certificates, prize bonds are recorded under:

If purchased goods remain unsold at the end of accounting period, they are recorded as:

Inward freight (bringing in purchased goods) is treated as:

"Interest on Capital" is a type of:

The documentary proof of goods purchased and sold on credit is:

A cash memo is used at the time of:

The seller considers an invoice as:

The buyer considers an invoice as:

A buyer prepares which journal based on the invoice?

A seller prepares which journal based on the invoice?

The amount reduced from the purchase price is known as:

The cash memo is generally prepared in:

Which document is used when returning goods purchased on credit?

A debit note is usually prepared by the:

The seller informs the buyer that his account has been credited for returned goods through a:

A credit note is usually prepared by the:

The documentary evidence used for transactions is known as a:

Vouchers are of how many types?

A debit voucher is used for:

A debit voucher is recorded on which side of the cash book?

A credit voucher is used for:

A credit voucher is recorded on which side of the cash book?

Source documents of business transactions include:

On a credit note, the reference can include the:

Which of the following is NOT considered a transaction in business?

Transaction-related events can be:

As a result of the Tk.50,000 investment, which component of the accounting equation will increase?

Which document will Monir Traders prepare for the Tk.3,000 return?

At the end of the month, Monir Traders' financial position will show:

Hasan & Associates: invested cash Tk.50,000 as capital. Effect on accounting equation:

Hasan & Associates: paid rent for January Tk.3,000. Effect:

Hasan & Associates: office machine purchased on credit Tk.15,000. Effect:

Hasan & Associates: legal services provided in cash Tk.6,000. Effect:

Hasan & Associates: loan taken from bank Tk.20,000. Effect:

Hasan & Associates: legal services provided on credit Tk.7,000. Effect:

Sagor Electronics: deposited Tk.50,000 into the bank from cash. Effect:

Sagor Electronics: distributed electrical wires worth Tk.6,000 free of cost. Effect:

Sagor Electronics: returned electrical wires worth Tk.5,000 to supplier. Effect:

Rifat Enterprise: opened account by depositing cash Tk.50,000 in the bank — this is:

Rifat Enterprise: owner took loan of Tk.40,000 from the bank for personal use — this is:

Rifat Enterprise: placed order to purchase furniture worth Tk.45,000 — this is:

Chayan Brothers: appointed manager with salary Tk.18,000 (no payment yet) — this is:

Chayan Brothers: owner paid Tk.2,000 from personal funds for son's school fees — this is:

James Traders: opening capital with cash Tk.1,20,000 and furniture Tk.70,000 totals: