A. Cash
B. Bank balance
C. Accounts receivable
D. Cash reserve
Accounting Mcqs
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.
A. Every day
B. Every half year
C. Every year
D. At the end of every accounting period
A. Bank balance
B. Cash at bank
C. Bank overdraft
D. Bank underdraft
A. Liability
B. Asset
C. Expenses
D. Income
A. Receipts
B. Payments
C. Incomes
D. Expenditures
A. Bank
B. Accountant of business
C. Manager of a company
D. Bank’s cashier
A. Cash payments
B. Cash receipts
C. Cash payments and cash receipts
D. Neither cash payments nor cash receipts
A. Cash entry
B. Contra entry
C. Payment entry
D. Compound entry
A. $5000 will be credited
B. $5000 will be debited
C. $10,000 will be credited
D. $10,000 will be debited
A. $1000 will be added to cash book balance
B. $2000 will be deducted from cash book balance
C. $3000 will be added to cash book balance
D. $3000 will be subtracted from cash book balance
