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

The excess of current assets over current liabilities is called:

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

8 years ago

The systems of accounting are _____________?

A. Two B. Three C. Five D. Six (more…)

8 years ago

The accounting process involves in recording:

A) Quantifiable economic event B) Non quantifiable economic event C) All of them D) None of them

8 years ago