Accounting Mcqs

Q.  Assets having physical existence are called ___________?

a. Current asset
b. intangible asset
c. Tangible asset
d. Liquid asset


ANSWER: See Answer
 
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MCQs:  Sales on credit is recorded in which of the following journal?
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MCQs:  Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
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MCQs:  Another name of journal is_____________?
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MCQs:  Which of the following specialised journals will record “goods returned by the BUSINESS “?
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MCQs:  Sales and purchase journal don’t record__________?
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MCQs:  Cash received from debtor is recorded in which of the following SPECIALIZED journals?
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MCQs:  Which of the following is a type of cash receipt journal + cash payment journal?
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MCQs:  Cash purchases is recorded in which of the following specialized journals?
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MCQs:  A brief explanation recorded below every entry in general journal is commonly known as__________?
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MCQs:  Credit purchase of plant and machinery is recorded in which of the following journals?
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MCQs:  Debit note is the basis for recording a transaction in which of the following journals?
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MCQs:  SALE of old furniture” will be recorded in which of the following specialised journals?
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MCQs:  Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?
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MCQs:  Specialized journals are more adequate for which TYPE OF BUSINESSES?
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MCQs:  Which of the following is known as an evidence that a transaction took place?
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MCQs:  BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?
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MCQs:  Credit memo or credit note No. is entered in which of the following journal?
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MCQs:  In accounting an Economic event is referred to as:
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MCQs:  Identify the correct sequence of accounting process
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MCQs:  Bookkeeping mainly concerns with which part of accounting process?
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