Accounting Mcqs

Q.  Goods Return by the customer are termed as :

a. Purchase return
b. Customer return
c. Sales return
d. Inventory return


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  The assets which come into existence upon the happening of a certain event are called__________?
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MCQs:  Income earned but not received is called ____________?
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MCQs:  Debts which are payable in the course of a month are called _____________?
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MCQs:  The unsold goods are ______________?
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MCQs:  The systems of accounting are _____________?
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MCQs:  A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?
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MCQs:  Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?
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MCQs:  Institute of Chartered Accountants of Pakistan was established in____________?
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MCQs:  Trial balance is prepared to check accuracy of_______________?
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MCQs:  If a transaction is completely omitted from the books of accounts, will it affect the agreement of a trial balance?
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MCQs:  ________ is the common base for preparing a trial balance?
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MCQs:  Which of the following is true about a trial balance?
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MCQs:  Debit balance = Credit balance in a trial balance indicates that:
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MCQs:  Trial balance is commonly prepared?
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MCQs:  Which of the following will affect the agreement of a trial balance?
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MCQs:  If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.
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MCQs:  Which of the following account with normal balance is shown at the debit side of a trial balance?
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MCQs:  Which of the following account with normal balance is shown at the credit side of a trial balance?
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MCQs:  Which of the following specialized journals records “goods returned by customers”?
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MCQs:  Sales on credit is recorded in which of the following journal?
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