Tag: Financial Accounting Mcq

(A) Repair of plant and machinery
(B) Salary paid to workers
(C) Cost of stand by equipment;
(D) Annual whitewash of the office building

(A) Raw material consumed
(B) Plant purchased
(C) Long term loan raised from bank;
(D) Share Capital

(A) sale is effected
(B) cash is received
(C) production is completed
(D) debts are collected

(A) Balance Sheet
(B) Profit and Loss appropriation A/c
(C) Manufacturing A/c
(D) Trading and Profit and Loss A/c

(A) Balance Sheet
(B) Profit and Loss A/c
(C) Trading A/c
(D) None of these

(A) Purchase register
(B) Purchase A/c
(C) Cash purchase A/c
(D) Credit purchase A/c

(A) Sales A/c
(B) Cash sales A/c
(C) Sales return A/c
(D) Credit sales A/c

(A) Cash journal
(B) Purchase journal
(C) Debtors journal
(D) Sales journal