(A) Repair of plant and machinery
(B) Salary paid to workers
(C) Cost of stand by equipment;
(D) Annual whitewash of the office building
Category: Accounting Mcqs
Users will find here Accounting Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer Commerce and all other types of Commerce related, Competitive Exams and Interviews. Commerce students can prepare their Accounting Portion for all test from here.
Which of the following is a revenue expenses?
(A) Raw material consumed
(B) Plant purchased
(C) Long term loan raised from bank;
(D) Share Capital
Revenue is generally recognised as being earned at that point of time when?
(A) sale is effected
(B) cash is received
(C) production is completed
(D) debts are collected
Revenue receipts are shown in __.
(A) Balance Sheet
(B) Profit and Loss appropriation A/c
(C) Manufacturing A/c
(D) Trading and Profit and Loss A/c
Capital expenses are shown in __.
(A) Balance Sheet
(B) Profit and Loss A/c
(C) Trading A/c
(D) None of these
The periodic total of purchase day book is posted to __.
(A) Purchase register
(B) Purchase A/c
(C) Cash purchase A/c
(D) Credit purchase A/c
The periodic total of sales day book is posted to __.
(A) Sales A/c
(B) Cash sales A/c
(C) Sales return A/c
(D) Credit sales A/c
Which of these is not a special purpose journal?
(A) Cash journal
(B) Purchase journal
(C) Debtors journal
(D) Sales journal