Accounting Mcqs

Page No. 60

Fresh capital introduction will increase____________?


aAssets and liabilities


bAssets and equity


cLiabilities and equity and bank balance


dCapital and liabilities


View Answer Assets and equity

Which of the following accounting equation is correct?


aCash+Other assets=Capital-Liabilities


bCapital+ Liabilities=Assets+Income


cAssets-Liabilities=Capital


dAssets+Capital=Liabilities



Which of the following is the practical implementation of the accounting equation?


aCash flow statement


bIncome statement


cStatement of changes in equity


dStatement of financial position



Payment of expenses will ______ the assets


aIncrease


bReduce


capportion


dOverstate


View Answer Reduce

Collection of account receivable will


aIncrease assets and decrease assets


bIncrease assets and decrease liabilities


cIncrease assets and increase capital


dIncrease assets and increase cash



Net income equal to Revenues minus____________?


aGains


bDepreciation


cExpenses


dCapital expenditures


View Answer Expenses

If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?


aIncrease in capital


bRemain the same


cDecrease in capital


dNo effect on capital


View Answer Decrease in capital

If the total liabilities of a business decrease by $5000 what will be the effect on total asset? 0 (assuming the amount of capital remain same)


aRemain constant


bDecrease by $5000


cIncrease by $5000


dIncrease by $10,000


View Answer Decrease by $5000

Capital of a business decreases if there is an increase in___________?


aDrawings


bIncome


cGains


dFresh capital


View Answer Drawings

Capital increases if _________ increases?


aExpenses


bDrawings


cInterest on capital


dRevenue


View Answer Revenue

Goto Page No.

Page 60 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