A. Credited to P&L A/c
B. Debited to P&L A/c
C. Reduced from debtors in Balance Sheet
D. Added to debtors in Balance Sheet
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. P&L A/C is debited with 1,400
B. P&L A/C is debited with 1,200
C. 200 is shown as current asset
D. Both B. and C. above
A. Debited to P&L A/c
B. Shown as liability in Balance Sheet
C. Reduced from related asset in Balance Sheet
D. Both A. and C. above
A. Current Asset
B. Current Liability
C. Fixed Asset
D. Income
A. An Asset in the Balance Sheet
B. A Liability
C. By adjusting it in the P & L A/c
D. Both B. and C. above
A. Replacement cost – Accumulated Depreciation
B. Historical cost – Salvage Value
C. Historical cost – Depreciation portion thereof
D. Original cost adjusted for general price-level changes
A. Return outwords
B. Return inwards
C. cost of goods sold
D. carriage on sales
Submitted by: Kamran Ahmad
A. Prime cost
B. Explicit cost
C. Job order cost
D. Conversion cost
Submitted by: Maneesh Kumar
A. Current Assets
B. Fixed Assets
C. Current Assets& current liabilities
D. All of the above
Submitted by: Maneesh Kumar
A. Balance sheet
B. income statement
C. common size income statement
D. All of the Above
Submitted by: Maneesh kumar
