Home MCQs Principles of Accounting Page 2

Principles of Accounting

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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