Accounting Mcqs

Page No. 69

The unsold goods are ______________?


aEquity

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bSale return

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cInventory

✓


dPurchases

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View Answer Inventory

Debts which are payable in the course of a month are called _____________?


aExternal liabilities

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bFixed liabilities

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cCurrent liabilities

✓


dLiquid Liabilities

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View Answer Current liabilities

Income earned but not received is called ____________?


aFictitious assets

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bQuick asset

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cReal asset

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dOutstanding asset

✓


View Answer Outstanding asset

The assets which come into existence upon the happening of a certain event are called__________?


aContingent assets

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bFixed assets

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cFictitious assets

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dQuick assets

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View Answer Contingent assets

The assets which have some market value are called ____________?


aFixed asset

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bQuick asset

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cFictitious assets

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dReal assets

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View Answer Real assets

Assets having physical existence are called ___________?


aCurrent asset

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bintangible asset

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cTangible asset

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dLiquid asset

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View Answer Tangible asset

When owner withdraw cash for its private use, it is called ___________?


aProfit

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bIncome

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cExpense

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dDrawing

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View Answer Drawing

For the business, capital is ____________?


aExpense

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bLiability

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cAssets

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dAll of them

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View Answer Liability

Building and furniture are called ____________?


aCurrent asset

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bFictitious asset

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cTangible asset

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dFixed assets

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View Answer Fixed assets

In support of business transaction, any written evidence is called ___________?


aDiscount

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bVoucher

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cAllowance

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dPrice

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View Answer Voucher

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