Accounting Mcqs

Q.  In accounting an Economic event is referred to as:

a. Cash
b. Bank statement
c. Transaction
d. Exchange of money


ANSWER: See Answer
 
No explanation is available for this question!
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  Which of the following is a liability?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  What is equity?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Identify the asset from the following:
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Net loss occurs when______________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Double entry implies that
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Identify the nominal account
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following accounts can be classified as a real account?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Transferring entries from journal to ledger account is commonly known as____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  An account records the ___________ in the balance of an item?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  If credit side of a bank account is greater than the debit side, it indicates which of the following?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  If debit side of a bank account is greater than credit side it indicates which of the following?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _________ will be credited if goods are given as charity?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is known as the base for preparing trial balance?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  If debit balance is greater than creadit balance then the account blance will be__________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The normal balance of capital account is_____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The normal balance of asset account is____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The normal balance of liability account is____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements is incorrect regarding capital account?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is the normal balance of a rent expense account?
Category: MBA Questions,   Published by: T-Code Scripts