Accounting Mcqs

Q.  ________ is the common base for preparing a trial balance?

a. Ledger accounts
b. General Journal
c. Specialized journals
d. Balance sheet


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MCQs:  Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?
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MCQs:  Specialized journals are more adequate for which TYPE OF BUSINESSES?
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MCQs:  Which of the following is known as an evidence that a transaction took place?
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MCQs:  Credit memo or credit note No. is entered in which of the following journal?
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MCQs:  In accounting an Economic event is referred to as:
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MCQs:  Identify the correct sequence of accounting process
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MCQs:  Bookkeeping mainly concerns with which part of accounting process?
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MCQs:  Financial accounting provides financial information to all of the following external users except:
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MCQs:  For which step of accounting process the accountants of business entity prepare financial statements?
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MCQs:  Keeping the log of financial information in books of original entries is called__________?
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MCQs:  Auditing is what?
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MCQs:  Which of the following is the external user of financial statements?
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MCQs:  Which of the following is the internal user of financial statements?
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MCQs:  _________ is the first phase of accounting cycle?
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MCQs:  Financial statements differ from management account because
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MCQs:  ________ is a separate legal entity that Total capital can be divided in many shares.
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MCQs:  An asset posses which of the following?
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MCQs:  Liabilities are which of the following?
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MCQs:  ________ is the gross inflow of economic benefits?
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