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Gilgit Baltistan Mcqs
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Exams
NTS
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PPSC Past Papers
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MCQs
Principles of Accounting
Principles of Accounting
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
Sales return is also known as____________?
Prepistan
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September 24, 2018
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A. Return received B. Return Payed C. Return inward D. Return outward Return inwards refer to the goods returned to an organization by its customers. They are goods...
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Accounting Mcqs
Goods Return by the customer are termed as :
Prepistan
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September 24, 2018
0
A. Purchase return B. Customer return C. Sales return D. Inventory return
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Accounting Mcqs
reduction in price is called:
Prepistan
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September 24, 2018
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A. Paid price B. Invoice price C. Book price D. Discount
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Accounting Mcqs
Debts which are payable in the course of a month are called _____________?
Prepistan
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September 24, 2018
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A. External liabilities B. Fixed liabilities C. Current liabilities D. Liquid Liabilities
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Accounting Mcqs
Income earned but not received is called ____________?
Prepistan
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September 24, 2018
0
A. Fictitious assets B. Quick asset C. Real asset D. Outstanding asset
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Accounting Mcqs
The assets which come into existence upon the happening of a certain event are called__________?
Prepistan
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September 24, 2018
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A. Contingent assets B. Fixed assets C. Fictitious assets D. Quick assets
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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
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
Goods return to customer are known as:
Prepistan
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September 20, 2018
0
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
An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
Prepistan
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September 20, 2018
0
A. Accounting B. Accountancy C. Auditing D. Book Keeping
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