Home MCQs Principles of Accounting

Principles of Accounting

When goods, in which business deals are sold, it is called___________?
Accounting Mcqs

When goods, in which business deals are sold, it is called___________?

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Modern system of book keeping is called______________?
Accounting Mcqs

Modern system of book keeping is called______________?

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The person to whom goods are sold on credit is called___________?
Accounting Mcqs

The person to whom goods are sold on credit is called___________?

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Double entry means______________?
Accounting Mcqs

Double entry means______________?

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Cash brought by the owner to start business is called__________?
Accounting Mcqs

Cash brought by the owner to start business is called__________?

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Sales return is also known as____________?
Accounting Mcqs

Sales return is also known as____________?

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Goods Return by the customer are termed as :
Accounting Mcqs

Goods Return by the customer are termed as :

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reduction in price is called:
Accounting Mcqs

reduction in price is called:

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Debts which are payable in the course of a month are called _____________?
Accounting Mcqs

Debts which are payable in the course of a month are called _____________?

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Income earned but not received is called ____________?
Accounting Mcqs

Income earned but not received is called ____________?

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The assets which come into existence upon the happening of a certain event are called__________?
Accounting Mcqs

The assets which come into existence upon the happening of a certain event are called__________?

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The amount invested by the proprietor to start the business is called:
Accounting Mcqs

The amount invested by the proprietor to start the business is called:

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Cash discount is provided on _______________?
Accounting Mcqs

Cash discount is provided on _______________?

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Goods return to customer are known as:
Accounting Mcqs

Goods return to customer are known as:

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The unsold goods are ______________?
Accounting Mcqs

The unsold goods are ______________?

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The excess of current assets over current liabilities is called:
Accounting Mcqs

The excess of current assets over current liabilities is called:

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The systems of accounting are _____________?
Accounting Mcqs

The systems of accounting are _____________?

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A systematic way to maintain the books of accounts is called_________?
Accounting Mcqs

A systematic way to maintain the books of accounts is called_________?

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An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
Accounting Mcqs

An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?

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

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

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