Accounting Mcqs

Q.  Credit balance as per Cash Book mean____________?

a. Surplus cash
b. Bank overdraft
c. Terms deposits with bank
d. None of these


ANSWER: See Answer
 
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MCQs:  In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life?
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MCQs:  Which of the following statements is correct about Depreciation?
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MCQs:  Depreciation is calculated on the____________?
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MCQs:  Which of the following is an external cause of depreciation?
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MCQs:  Which of the following is not depreciated?
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MCQs:  ____________is also known as Appraisal system of depreciation?
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MCQs:  Bad debts recovered account will be transferred to______________?
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MCQs:  The entry for creating a Provision for bad debts is_____________?
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MCQs:  When a person purchasing goods on credit he becomes a_________in the books of the seller?
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MCQs:  Cost of goods sold excludes___________?
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MCQs:  Tax deducted at source A/c appears in___________?
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MCQs:  Investment in own share A/c appears in____________?
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MCQs:  Payments received in advance from a customer for a contract can be__________?
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MCQs:  If a company has contingent liabilities, they appear in the__________?
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MCQs:  Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be?
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MCQs:  Which of the following is not classified as inventory in the financial statements?
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MCQs:  If actual bad debts are more than the provision for bad debts, then there will be a_____________?
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MCQs:  The creation of provision for doubtful debts given as an adjustment requires____________?
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MCQs:  Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true?
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MCQs:  At the time of preparation of financial accounts, bad debt recovered account will be transferred to?
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