MCQs: Journals are also referred as_____________?
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MCQs: The standard format of journal does not include which of the following?
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MCQs: In which of the following orders data is entered in journal?
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MCQs: Which of the following accounts will be credited if a company purchases building for cash?
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MCQs: Discount for quick repayment of debt is normally referred as____________?
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MCQs: The first step in accounting process is___________?
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MCQs: A chart of accounts generally start with which of the following types of accounts?
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MCQs: Total depreciation of an asset cannot exceed its:
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MCQs: Amount paid to Masood posted to the credit side of his account would affect___________?
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MCQs: Which of the following statements is/are true ?
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MCQs: Which of the following is true regarding closing entries?
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MCQs: Closing stock is generally valued at______________?
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MCQs: Which of the following assets is/are to be valued at the lower of cost and net realizable value?
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MCQs: A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.
(a). Sales of `950 to Ram completely omitted from books of account
(b). Purchases of `720 from Shyam entered in the purchases journal as `700
(c). Purchases Journal is overcast by `1,000
(d). Sales returns journal is undercast by `200
(e) Amount paid to Agarwal wrongly posted to the debit to Mittal’s account
(f) Bank overdraft shown under debit column in the Trial Balance
(g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq
(h) Wages paid for installation of machinery debited to wages account
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MCQs: Which of the following methods is not a practical way of realizing revenue?
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MCQs: The amount payable to a person as consideration for the use of rights vested in him is
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MCQs: Buildings account is debited with an amount towards repairs. This is an example of?
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MCQs: The concept of conservatism will have the effect of______________?
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MCQs: During the year 2011-2012, the value of closing inventory was overstated by 25,000. Which of the following is true?
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MCQs: Which of the following errors is an error of omission?
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