Accounting Mcqs

Q.  Financial statements differ from management account because

a. They are mainly prepared for external users of financial information
b. They are more complex and hard to prepare
c. The are the summary of accounting data
d. The are prepared on basis of actual concept


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MCQs:  If credit side of a bank account is greater than the debit side, it indicates which of the following?
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MCQs:  The real accounts are accounts of Assets, liabilities and ___________?
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MCQs:  ___________ helps business to classify transactions according to their nature?
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MCQs:  Which of the following is the closing balance of a ledger account?
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MCQs:  The Basic accounting equation is___________?
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MCQs:  Find out the value of assets if: Liabilities=$5000 and Capital=$1000
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