Accounting Mcqs

Page No. 62

Revenue and expense accounts are referred as______________?


aNominal accounts

✓


bReal account

✖


cCash accounts

✖


dBanks account

✖


View Answer Nominal accounts

Which of the following is the normal balance of a rent expense account? Which of the following is the normal balance of a rent expense account?


aCredit balance

✖


bCash balance

✖


cOverdraft

✖


dDebit balance

✓


View Answer Debit balance

Which of the following statements is incorrect regarding capital account?


aDebit increases the capital account balance

✓


bCredit increases the capital account balance

✖


cFresh capital increases the capital account balance

✖


dNet income increases the capital account balance

✖



The normal balance of liability account is____________?


aDebit balance

✖


bCredit balance

✓


cCash balance

✖


dNeither debit nor credit balance

✖


View Answer Credit balance

The normal balance of asset account is____________?


aCredit balance

✖


bDebit balance

✓


cCash balance

✖


dNeither debit nor credit balance

✖


View Answer Debit balance

The normal balance of capital account is_____________?


aCredit balance

✓


bDebit balance

✖


cCash balance

✖


dNeither debit nor credit balance

✖


View Answer Credit balance

If debit balance is greater than creadit balance then the account blance will be__________?


aCredit balance

✖


bDebit and credit balance

✖


cCash balance

✖


dDebit balance

✓


View Answer Debit balance

Which of the following is known as the base for preparing trial balance?


aJournal

✖


bCash account

✖


cLedger account

✓


dBalance sheet

✖


View Answer Ledger account

_________ will be credited if goods are given as charity?


aCash

✖


bCharity

✖


cPurchases

✓


dSales

✖


View Answer Purchases

If debit side of a bank account is greater than credit side it indicates which of the following?


aCash at bank

✓


bBank understatement

✖


cBank overdraft

✖


dBalance overstatement

✖


View Answer Cash at bank

Goto Page No.

Page 62 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