Accounting MCQs

A. 5,000 received from sham credited to ram a/c
B. 5,000 incurred on installation of new plant debited to travelling expenses a/c
C. 500 paid for wages debited to salary a/c
D. 500 being purchase of raw material debited to purchase a/c ` 50

A. 500 purchase of old equipment not recorded in the books of a/c at all
B. 500 being expense on travelling expense credited to travelling expenses
C. Both
D. None

A. Added, reduced
B. Added, added
C. Deducted, added
D. Deducted, deducted

A. Only cash sales
B. All types of cash receipts and payments
C. Only revenue receipts
D. Only capital receipts

A. Cash column
B. Bank column
C. Petty cash column
D. Discount column

A. Cash received from debtors
B. Cash paid to creditors
C. Salary remained outstanding
D. Cash deposited with bank

A. Liability
B. Gain
C. Assets
D. Loss

A. Bank column
B. Discount column
C. Cash column
D. None

A. Assets
B. Expenditure
C. Liability
D. None

A. Postage stamps
B. B/r
C. Cheque deposited with bank
D. B/r endorsed