A. Two
B. Three
C. Five
D. Six
There are two systems of Accounting:
1. Cash System of Accounting
2. Mercantile or Accrual System of Accounting
A. Two
B. Three
C. Five
D. Six
There are two systems of Accounting:
1. Cash System of Accounting
2. Mercantile or Accrual System of Accounting
Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.
Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments.
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Total depreciation of an asset cannot exceed its market value.