Accounting Mcqs

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

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

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

8 years ago

Building and furniture are called ____________?

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

8 years ago

For the business, capital is ____________?

A. Expense B. Liability C. Assets D. All of them

8 years ago