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Gilgit Baltistan Mcqs
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Governors-General of Pakistan
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Finance Mcqs
Exams
NTS
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MCQs
Accounting Mcqs
Accounting Mcqs
Accounting Mcqs
When goods, in which business deals are sold, it is called___________?
Prepistan
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December 28, 2018
Accounting Mcqs
Modern system of book keeping is called______________?
Prepistan
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December 22, 2018
Accounting Mcqs
The person to whom goods are sold on credit is called___________?
Prepistan
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December 22, 2018
Accounting Mcqs
Double entry means______________?
Prepistan
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September 29, 2018
Accounting Mcqs
Cash brought by the owner to start business is called__________?
Prepistan
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September 27, 2018
Accounting Mcqs
Building and furniture are called ____________?
Prepistan
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September 20, 2018
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A. Current asset B. Fictitious asset C. Tangible asset D. Fixed assets
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Accounting Mcqs
The amount invested by the proprietor to start the business is called:
Prepistan
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September 20, 2018
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A. Capital B. Business C. Drawings D. All of them
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Accounting Mcqs
For the business, capital is ____________?
Prepistan
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September 20, 2018
0
A. Expense B. Liability C. Assets D. All of them
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Accounting Mcqs
The maintenance of accounts in a systematic way is called__________?
Prepistan
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September 20, 2018
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A. Accounting B. Reading C. Book Keeping D. Auditing
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Accounting Mcqs
Cash discount is provided on _______________?
Prepistan
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September 20, 2018
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A. Purchases B. Prompt payment C. Sales D. Sales return
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Accounting Mcqs
When owner withdraw cash for its private use, it is called ___________?
Prepistan
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September 20, 2018
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A. Profit B. Income C. Expense D. Drawing
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Accounting Mcqs
The accounting process involves in recording:
Prepistan
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September 20, 2018
0
A) Quantifiable economic event B) Non quantifiable economic event C) All of them D) None of them
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Accounting Mcqs
Goods return to customer are known as:
Prepistan
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September 20, 2018
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A. Merchandise return B. Purchase return C. Return inwards D. Sales return
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Accounting Mcqs
Assets having physical existence are called ___________?
Prepistan
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September 20, 2018
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A. Current asset B. intangible asset C. Tangible asset D. Liquid asset
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Accounting Mcqs
A systematic way to maintain the books of accounts is called_________?
Prepistan
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September 20, 2018
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A. Accountancy B. Economics C. Book Keeping D. Auditing
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Accounting Mcqs
The excess of current assets over current liabilities is called:
Prepistan
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September 20, 2018
0
A. Working Capital B. Circulating capital C. Fixed capital D. Trading capital
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Accounting Mcqs
The assets which have some market value are called ____________?
Prepistan
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September 20, 2018
0
A. Fixed asset B. Quick asset C. Fictitious assets D. Real assets
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