Accounting Mcqs

Page No. 71

Discount received is a/an:


aAsset

✖


bExpense

✖


cLiability

✖


dRevenue

✓


View Answer Revenue

Double entry means______________?


aEntry in two sets of books

✖


bEntry at two ends

✖


cEntry at two dates

✖


dEntry for two aspects of the transaction

✓



The person to whom goods are sold on credit is called___________?


aBuyer

✖


bSeller

✖


cDebtor

✓


dCreditor

✖


View Answer Debtor

Modern system of book keeping is called______________?


aDouble entry system

✓


bAmerican system

✖


cSingle entry system

✖


dItalic system

✖


View Answer Double entry system

Goods Return by the customer are termed as :


aPurchase return

✖


bCustomer return

✖


cSales return

✓


dInventory return

✖


View Answer Sales return

The maintenance of accounts in a systematic way is called__________?


aAccounting

✖


bReading

✖


cBook Keeping

✓


dAuditing

✖


View Answer Book Keeping

An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?


aAccounting

✓


bAccountancy

✖


cAuditing

✖


dBook Keeping

✖


View Answer Accounting

A systematic way to maintain the books of accounts is called_________?


aAccountancy

✖


bEconomics

✖


cBook Keeping

✓


dAuditing

✖


View Answer Book Keeping

Goto Page No.

Page 71 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