Accounting MCQs

1590 MCQs  (Page 21 of 159)

Attempt Accounting MCQs Quiz
Which of the following is a Real A/c?
A. Salary a/c
B. Bank a/c
C. Building a/c
D. Goodwill a/c
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Which of the following is a representative Personal A/c?
A. Outstanding salary a/c
B. Rent a/c
C. Sbi a/c
D. Bad debts a/c
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Which of the following is a Nominal A/c ?
A. Outstanding salary a/c
B. Rent a/c
C. Sbi a/c
D. Debtors a/c
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Goodwill A/c is a/an__________?
A. Nominal a/c
B. Tangible asset
C. Intangible asset
D. Fictitious asset
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Which of these is not a special purpose journal?
A. Cash journal
B. Purchase journal
C. Debtors journal
D. Sales journal
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The periodic total of sales day book is posted to___________?
A. Sales a/c
B. Cash sales a/c
C. Sales return a/c
D. Credit sales a/c
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The periodic total of purchase day book is posted to____________?
A. Purchase register
B. Purchase a/c
C. Cash purchase a/c
D. Credit purchase a/c
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Capital expenses are shown in___________?
A. Balance sheet
B. Profit and loss a/c
C. Trading a/c
D. None of these
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Revenue receipts are shown in___________?
A. Balance sheet
B. Profit and loss appropriation a/c
C. Manufacturing a/c
D. Trading and profit and loss a/c
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Revenue is generally recognized as being earned at that point of time when?
A. Sale is effected
B. Cash is received
C. Production is completed
D. Debts are collected
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Word of the Day
12 Jul
Obdurate
stubbornly refusing to change one’s opinion or course of action.
ضدی، بدکار، سنگدلی

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