A. Specialized journal
B. Day book
C. Cash book
D. Record book
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. Cash payments journal
B. Cash receipts journal
C. Purchases return journal
D. General journal
A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal
A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal
A. Cash account
B. Bank account
C. Equipment account
D. Accrued expenses account
A. Rent income account
B. Creditors account
C. Unearned income account
D. Cash account
A. Arithmetic accuracy
B. Errors of commission
C. Omissions of economic events
D. Understatements of balances
A. Complete omission of a transaction
B. Partial omission of a transaction
C. Error of principle
D. Compensating errors
A. Frequently during the year
B. At the end of an accounting period
C. At the end of a month
D. At the end of a year
A. No error in recording transactions
B. No error in posting entries to ledger accounts
C. Account balances are correct
D. Mathematically Capital+Liabilities=Assets
