Accounting MCQs

A. nominal
B. real
C. cash
D. capital

A. General journal
B. Real accounts
C. Ledger accounts
D. Cash accounts

A. Office equipment
B. Rent expenses
C. Rent income
D. Insurance expense

A. Nominal accounts
B. Balance sheet accounts
C. Real accounts
D. None of them

A. Balance c/d
B. Balance b/d
C. Balance e/d
D. Balance f/c

A. Subsidiary books
B. Journal
C. Ledger
D. Trial balance

A. Posting the letters in drop box
B. Posting suitable person to a suitable job
C. Entering in the ledger the information contained in the ledger
D. All the three

A. A sale of an asset is recorded in the sales book
B. Total of return outward book is debited to return outward account
C. The balance of petty cash book is a liability
D. Cash book is a subsidiary book as well as a ledger

A. Ledger accounts
B. General journal
C. Specialized journals
D. Balance sheet

A. Ledger accounts balances
B. Balance sheet balances
C. Income statement balances
D. Cash flow statement balances