(A) Buyer of goods granted discount by seller
(B) Deducted when we receive cash
(C) Given by us when we sell goods on credit
(D) None of these
Accounting MCQs
Accounting MCQs for Test Preparation. These Accounting MCQs are the most repeated mcqs and very important for all type of exams organized by FPSC, PPSC, KPSC, SPSC, BPSC, NTS, PTS, OTS, UTS, CTS, ITS and other testing agencies of Pakistan. Most important FPSC MCQs, PPSC MCQs, KPSC MCQs, SPSC MCQs, BPSC MCQs, NTS MCQs, PTS MCQs, OTS MCQs, UTS MCQs, CTS MCQs, ITS MCQs and other MCQs for test preparation in Pakistan.
(A) Always pay by cash
(B) Cross your Cheques ‘Account Payee only, Not Negotiable.’
(C) Always get the money in person
(D) Not use the postal service in future
May 13, 2022
(A) Sales Ledger
(B) Nominal ledger
(C) Purchases Ledger
(D) General Ledger
May 13, 2022
A) Trading account
B) P & L a/c
C) Balance Sheet
D) None of the above
May 13, 2022
(A) Are bought to be used in the business
(B) Are expensive items bought for the business
(C) Are items which will not wear out quickly
(D) Are of long life and are not purchased specifically for resale
May 13, 2022
(A) do this by stocktaking
(B) deduct the cost of goods sold from sales
(C) deduct opening stock from the cost of goods sold
(D) look in the stock account
May 13, 2022
(A) Profit and loss account
(B) Balance sheet
(C) Trial balance
(D) Trading account
May 13, 2022
(A) Cost of goods sold + Opening stock
(B) Sales – cost of goods sold
(C) Sales – Purchases
(D) Net profit – expenses
May 13, 2022
(A) Current Liabilities
(B) Fixed liabilities
(C) Contingent liabilities
(D) All the above
May 13, 2022
(A) Current assets
(B) Fixed assets
(C) Intangible assets
(D) Investments
May 13, 2022