Accounting MCQs

A. 6441
B. 5431
C. 7654
D. 9876

A. 6441
B. 5431
C. 7150
D. 5876

A. Dressing balance sheet
B. Marshalling balance sheet
C. Formatting balance sheet
D. Make up of balance sheet

A. Gross profit+ sales+ direct expenses+ purchases+ closing stock = opening stock
B. Gross profit+ sales+ direct expenses+ purchases- closing stock = opening stock
C. Gross profit + opening stock + direct expenses + purchases- closing stock = sales
D. Gross profit – opening stock + direct expenses + purchases +closing stock = sales

A. 50,000
B. 55,000
C. 60,000
D. 65,000

A. 30th june,2018
B. 1st july,2018
C. 4th july,2018
D. 4th august,2018

A. Acceptor‘s account is debited in the books of drawer
B. Bills receivable account is credited in the books of drawer
C. Bank account is debited in the books of drawer
D. Bills payable account is debited in the books of drawer

A. I. debit bills receivable account
B. Ii. debit drawee‘s account
C. Iii. credit drawee‘s account
D. Iv. credit sales account

A. The drawer of the bill
B. The person responsible for dishonour
C. The holder of the bill
D. The endorser of the bill

A. Discounting of the bill with the bank
B. Payment of the bill on due date
C. Remitting or receiving the amount
D. Sending the bill to bank for collection