(A) Profit/Gain
(B) Loss/Expenses
(C) None
(D) Both (a) and (b)
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 assets is a fictitious asset?
(A) Goodwill A/c
(B) Prepaid Rent A/c
(C) Outstanding Salary A/c
(D) Preliminary expenses A/c
Prepaid rent is a __.
(A) Nominal A/c
(B) Representative Personal A/c
(C) Tangible Assets A/c
(D) None
The total of debit side of discount column of Cash Book is__.
(A) Balanced with credit side of discount column
(B) Posted to Discount Allowed A/c;
(C) Posted to Discount Received A/c
(D) Posted to Profit & Loss A/c
Which column of Cash Book is never balanced?
(A) Discount Column
(B) Cash
(C) Bank
(D) Petty Cash
Rent outstanding for the month of December‘12 will appear on__.
(A) Debit side of Cash Book
(B) Credit side of Cash Book
(C) Either side
(D) Nowhere
Cash Account is a __.
(A) Personal A/c
(B) Nominal A/c
(C) Real A/c
(D) Dummy A/c
The book which all accounts of the firm are maintained is known as?
(A) Cash book
(B) Ledger
(C) Journal
(D) Daybook