Accounting Mcqs

Building and furniture are called ____________?

A. Current asset B. Fictitious asset C. Tangible asset D. Fixed assets

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

The assets which have some market value are called ____________?

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

7 years ago

Obligation of the Business are known as___________?

A. Liabilities B. Revenues C. Expenses D. Assets

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