Accounting Mcqs


Q.  In support of business transaction, any written evidence is called ___________?

a. Discount
b. Voucher
c. Allowance
d. Price


ANSWER: See Answer
 
No explanation is available for this question!
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.
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following account with normal balance is shown at the debit side of a trial balance?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following account with normal balance is shown at the credit side of a trial balance?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following specialized journals records “goods returned by customers”?
Category: MBA Questions,   Published by: teswesm
MCQs:  Sales on credit is recorded in which of the following journal?
Category: MBA Questions,   Published by: teswesm
MCQs:  Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
Category: MBA Questions,   Published by: teswesm
MCQs:  Another name of journal is_____________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following specialised journals will record “goods returned by the BUSINESS “?
Category: MBA Questions,   Published by: teswesm
MCQs:  Sales and purchase journal don’t record__________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Cash received from debtor is recorded in which of the following SPECIALIZED journals?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following is a type of cash receipt journal + cash payment journal?
Category: MBA Questions,   Published by: teswesm
MCQs:  Cash purchases is recorded in which of the following specialized journals?
Category: MBA Questions,   Published by: teswesm
MCQs:  A brief explanation recorded below every entry in general journal is commonly known as__________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Credit purchase of plant and machinery is recorded in which of the following journals?
Category: MBA Questions,   Published by: teswesm
MCQs:  Debit note is the basis for recording a transaction in which of the following journals?
Category: MBA Questions,   Published by: teswesm
MCQs:  SALE of old furniture” will be recorded in which of the following specialised journals?
Category: MBA Questions,   Published by: teswesm
MCQs:  Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?
Category: MBA Questions,   Published by: teswesm
MCQs:  Specialized journals are more adequate for which TYPE OF BUSINESSES?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following is known as an evidence that a transaction took place?
Category: MBA Questions,   Published by: teswesm
MCQs:  BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?
Category: MBA Questions,   Published by: teswesm