Accounting Mcqs

Page No. 27

No journal entry is required to be passed when there is


aLoss by theft

✖


bNormal loss

✓


cLoss of bad debts

✖


dAbnormal loss of business

✖


View Answer Normal loss

Legal expenses incurred on a suit for breach of contract to supply goods is a


aCapital expenditure

✖


bDeferred Revenue expenditure

✖


cRevenue expenditure

✓


dBoth 'b' and 'c'

✖


View Answer Revenue expenditure

Under diminishing balance method, depreciation


aIs constant every year

✖


bIncreases every year

✖


cDecreases every year

✓


dNone of the above

✖


View Answer Decreases every year

The parties to joint venture are called


aFriends

✖


bPrincipal and agent

✖


cPartners

✖


dCo-ventures

✓


View Answer Co-ventures

Interest on debentures is calculated on


aPurchase value of debentures

✖


bMarket value of debentures

✖


cFace value of debentures

✓


dAll of the above

✖



Liability for bill discounted is a


aContingent liability

✓


bFixed liability

✖


cCurrent liability

✖


dNone of the above

✖


View Answer Contingent liability

Heavy amount spent for the advertisement of new company product is


aRevenue expenditure

✖


bDeferred Revenue expenditure

✓


cCapital expenditure

✖


dEither 'a' or 'c'

✖



Cash Account is


aPersonal account

✖


bReal account

✓


cNominal account

✖


dNone of the above

✖


View Answer Real account

Income includes


aIncome earned

✖


bIncome received

✖


cIncome receivable

✖


dAll of the above

✓


View Answer All of the above

The following error will affect the Trial Balance


aError of partial omission

✓


bError of principle

✖


cError of complete omission

✖


dAll of the above

✖



Goto Page No.

Page 27 of 71

Alphabetical MCQs Categories
—

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"
—

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan