Accounting Mcqs

Q.  Amount paid to Masood posted to the credit side of his account would affect___________?

a. Masood’s account
b. Cash account
c. Cash account and Gagan’s account
d. None of these


ANSWER: See Answer
 
No explanation is available for this question!
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  The beginnings inventory of the current year is overstated by 5,000 and closing inventory is overstated by 12,000. These errors will cause the net income for the current year by
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The accountant of Leo Ltd. recorded a payment by cheque to a creditor for supply of materials as 1,340.56. The bank recorded the cheque at its correct amount of 3,140.56. The Company has not passed any rectification entries and the error is not detected through the bank reconciliation. The impact of this error is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following errors affects the agreement of a Trial Balance?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following should not be treated as revenue expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Capital expenditure is an expenditure which
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is not a deferred revenue expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Any donation received for a specific purpose is a_________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is an item of capital expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which one of the following should be considered a revenue expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are / is true? – Events after Balance Sheet are?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which one of the following is a capital expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following enhances the earning capacity of an asset?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following items should not be capitalized relating to fixed assets?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these errors affect only one account?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these errors affect two or more accounts
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following error is an error of principle
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is an one sided error?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Cash book records?
Category: MBA Questions,   Published by: T-Code Scripts