ACCOUNTANCY AND BOOK KEEPING
1. The main objective of Book-keeping is:
(a) Complete recording of transactions
(b) Ascertainment of Financial effect on the
business
(c) Analysis and interpretation of data
(d) Both (a) & (b)
2. Which of the following transactions is not of
financial character?
(a) Purchase of goods on credit
(b) Purchase of building
(c) Payment of salaries
(d) Strike by employees
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