Accounting MCQs

1590 MCQs  (Page 3 of 159)

Attempt Accounting MCQs Quiz
The concession received on the price of defective goods is called:
A. Discount
B. Cash discount
C. Allowance
D. Trading discount
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In support of business transaction, any written evidence is called ___________?
A. Discount
B. Voucher
C. Allowance
D. Price
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Building and furniture are called ____________?
A. Current asset
B. Fictitious asset
C. Tangible asset
D. Fixed assets
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When owner withdraw cash for its private use, it is called ___________?
A. Profit
B. Income
C. Expense
D. Drawing
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Assets having physical existence are called ___________?
A. Current asset
B. Intangible asset
C. Tangible asset
D. Liquid asset
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The assets which have some market value are called ____________?
A. Fixed asset
B. Quick asset
C. Fictitious assets
D. Real assets
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The assets which come into existence upon the happening of a certain event are called__________?
A. Contingent assets
B. Fixed assets
C. Fictitious assets
D. Quick assets
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Income earned but not received is called ____________?
A. Fictitious assets
B. Quick asset
C. Real asset
D. Outstanding asset
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Debts which are payable in the course of a month are called _____________?
A. External liabilities
B. Fixed liabilities
C. Current liabilities
D. Liquid liabilities
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The unsold goods are ______________?
A. Equity
B. Sale return
C. Inventory
D. Purchases
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Word of the Day
10 Jul
Spur
a thing that prompts or encourages someone; an incentive.
اکسانے والی بات، آر،مہمیز

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