Accounting Mcqs

The assets which have some market value are called ____________?

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

8 years ago

Obligation of the Business are known as___________?

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

8 years ago

Cash discount is provided on _______________?

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

8 years ago

Goods return to customer are known as:

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

8 years ago

The unsold goods are ______________?

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

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