Accounting MCQs

1590 MCQs  (Page 14 of 159)

Attempt Accounting MCQs Quiz
Fresh capital introduction will increase____________?
A. Assets and liabilities
B. Assets and equity
C. Liabilities and equity and bank balance
D. Capital and liabilities
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Cash received for services rendered will______________?
A. Increase cash and liability
B. Increase equity and liability
C. Increase fixed assets and cash
D. Increase cash and equity
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Which of following best describes the increase in equity expands___________?
A. Business operations
B. Cash outflows
C. Inflows of cash
D. Appropriation expenses
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If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
A. $5000
B. $10,000
C. $15,000
D. $20,000
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Depreciation decreases____________?
A. liabilities
B. cash
C. bank
D. capital
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An increase in provision for bad debt will____________?
A. Decrease net income
B. Decrease liabilities
C. Increase net income
D. Increase liabilities
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Current assets – Current liabilities=?
A. Capital
B. Absorbed capital
C. Net assets
D. Net working capital
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Assets-Liabilities=____________?
A. Cash
B. Equity
C. Net income
D. Net expenses
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The process of recording is done?
A. two times a year
B. once a year
C. frequently during the accounting period
D. at the end of a accounting period
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General journal is a book of _______ entries?
A. First
B. Original
C. Secondary
D. Generic
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Word of the Day
11 Jul
Envisage
contemplate or conceive of as a possibility or a desirable future event.
گمان کرنا، تصور کرنا، سوچنا

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