Accounting Mcqs

Q.  reduction in price is called:

a. Paid price
b. Invoice price
c. Book price
d. Discount


ANSWER: See Answer
 
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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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MCQs:  Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
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MCQs:  Another name of journal is_____________?
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MCQs:  Which of the following specialised journals will record “goods returned by the BUSINESS “?
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MCQs:  Sales and purchase journal don’t record__________?
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MCQs:  Cash received from debtor is recorded in which of the following SPECIALIZED journals?
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MCQs:  Which of the following is a type of cash receipt journal + cash payment journal?
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MCQs:  Cash purchases is recorded in which of the following specialized journals?
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MCQs:  A brief explanation recorded below every entry in general journal is commonly known as__________?
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MCQs:  Credit purchase of plant and machinery is recorded in which of the following journals?
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MCQs:  Debit note is the basis for recording a transaction in which of the following journals?
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MCQs:  SALE of old furniture” will be recorded in which of the following specialised journals?
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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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