Accounting Mcqs

Sales return is also known as____________?

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

8 years ago

Goods Return by the customer are termed as :

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

8 years ago

reduction in price is called:

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

8 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

8 years ago

Income earned but not received is called ____________?

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

8 years ago

Assets having physical existence are called ___________?

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

8 years ago

Discount received is a/an:

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

8 years ago

The assets which have some market value are called ____________?

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

8 years ago