A. It lists down the balances of accounts
B. It lists down the balances of a balance sheet
C. It is a kind of financial statement
D. It is not a part of accounting cycle
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. Ledger accounts
B. General Journal
C. Specialized journals
D. Balance sheet
A. Yes
B. No
C. Transactions can’t be omitted
D. none of these
A. Ledger accounts balances
B. Balance sheet balances
C. Income statement balances
D. Cash flow statement balances
A. 1949
B. 1956
C. 1961
D. 1972
A. Error of principle
B. Error of commission
C. Error of omission
D. Error of duplication
A. Error of omission
B. Error of commission
C. Compensating error
D. Error of principle
A. Two
B. Three
C. Five
D. Six
A. Equity
B. Sale return
C. Inventory
D. Purchases
A. External liabilities
B. Fixed liabilities
C. Current liabilities
D. Liquid Liabilities
