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

Cash discount is provided on _______________?

A. Purchases B. Prompt payment C. Sales D. Sales return

7 years ago

Goods return to customer are known as:

A. Merchandise return B. Purchase return C. Return inwards D. Sales return

7 years ago

The unsold goods are ______________?

A. Equity B. Sale return C. Inventory D. Purchases

7 years ago

The excess of current assets over current liabilities is called:

A. Working Capital B. Circulating capital C. Fixed capital D. Trading capital

7 years ago