Accounting Mcqs

The accounting process involves in recording:

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

7 years ago

The concession received on the price of defective goods is called:

A. Discount B. Cash discount C. Allowance D. Trading discount

7 years ago

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