A. Increase in capital
B. Remain the same
C. Decrease in capital
D. No effect on capital
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.
(assuming the amount of capital remain same)
A. Remain constant
B. Decrease by $5000
C. Increase by $5000
D. Increase by $10,000
A. Drawings
B. Income
C. Gains
D. Fresh capital
A. Expenses
B. Drawings
C. Interest on capital
D. Revenue
A. $6000
B. $10,000
C. $5000
D. $1000
A. $4000
B. $6000
C. $7000
D. $3000
A. Asset=Expense +Income
B. Assets=Cash+Capital
C. Assets=Capital+Liabilities
D. Assets=Expenses+Capital
A. Balance c/d
B. Balance b/d
C. Balance e/d
D. Balance f/c
A. Nominal accounts
B. Balance sheet accounts
C. Real accounts
D. None of them
A. Office equipment
B. Rent expenses
C. Rent income
D. Insurance expense
