Accounting Mcqs


Q.  An income statement in which each item expressed as percentage of Sale?

a. Balance sheet
b. income statement
c. common size income statement
d. All of the Above


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MCQs:  Which of the following is not true with regard to preparation of Profit & Loss Account?
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MCQs:  The Profit and Loss Account shows the:
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MCQs:  Which of the following will not appear in Profit and Loss Account of a business?
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MCQs:  Which of the following is not a financial statement?
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MCQs:  If unexpired insurance appears in the Trial Balance, it should be:
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MCQs:  Which of the following are/is not a fixed asset?
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MCQs:  Which of the following are/is a current asset?
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MCQs:  Tax deducted at source appears in the Balance Sheet
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MCQs:  Which of the following statements is false ? select the false from below options
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MCQs:  The Balance Sheet gives information regarding the____________?
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MCQs:  Which of the following accounts appear(s) in the Balance Sheet of a business? i. Stock at the end of the financial year ii. Stock at the beginning of the financial year iii. Drawings iv. Prepaid Rent v. Interest received but not yet earned
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MCQs:  Computers taken on hire by a business for a period of twelve months should be classified as:___________?
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MCQs:  Which of the following is not an intangible asset?
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MCQs:  Which of the following is a current liability?
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MCQs:  Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?
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MCQs:  Which of the following is not a contingent liability?
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MCQs:  Which of the following are current assets of a business? i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income
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MCQs:  Closing entries are generally passed:
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MCQs:  Closing stock appearing in the Trial Balance is shown in:
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MCQs:  Depreciation Account appearing in the Trial Balance is shown in:
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