Accounting Mcqs

Sales return is also known as____________?

A. Return received B. Return Payed C. Return inward D. Return outward (more…)

7 years ago

Goods Return by the customer are termed as :

A. Purchase return B. Customer return C. Sales return D. Inventory return

7 years ago

reduction in price is called:

A. Paid price B. Invoice price C. Book price D. Discount

7 years ago

Debts which are payable in the course of a month are called _____________?

A. External liabilities B. Fixed liabilities C. Current liabilities D. Liquid Liabilities

7 years ago

Income earned but not received is called ____________?

A. Fictitious assets B. Quick asset C. Real asset D. Outstanding asset

7 years ago

For the business, capital is ____________?

A. Expense B. Liability C. Assets D. All of them

7 years ago

Assets having physical existence are called ___________?

A. Current asset B. intangible asset C. Tangible asset D. Liquid asset

7 years ago

Discount received is a/an:

A. Asset B. Expense C. Liability D. Revenue

7 years ago