Tag: Financial Accounting Mcq

(A) Profit/Gain
(B) Loss/Expenses
(C) None
(D) Both (a) and (b)

(A) Goodwill A/c
(B) Prepaid Rent A/c
(C) Outstanding Salary A/c
(D) Preliminary expenses A/c

(A) Nominal A/c
(B) Representative Personal A/c
(C) Tangible Assets A/c
(D) None

(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

(A) Discount Column
(B) Cash
(C) Bank
(D) Petty Cash

(A) Debit side of Cash Book
(B) Credit side of Cash Book
(C) Either side
(D) Nowhere

(A) Personal A/c
(B) Nominal A/c
(C) Real A/c
(D) Dummy A/c

(A) Cash book
(B) Ledger
(C) Journal
(D) Daybook