Accounting Mcqs

Q.  The normal balance of asset account is____________?

a. Credit balance
b. Debit balance
c. Cash balance
d. Neither debit nor credit balance


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MCQs:  Payment of expenses will ______ the assets
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MCQs:  Which of the following is the practical implementation of the accounting equation?
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MCQs:  Which of the following accounting equation is correct?
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MCQs:  Fresh capital introduction will increase____________?
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MCQs:  Cash received for services rendered will______________?
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MCQs:  Which of following best describes the increase in equity expands___________?
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MCQs:  If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
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MCQs:  Depreciation decreases____________?
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MCQs:  An increase in provision for bad debt will____________?
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MCQs:  Current assets – Current liabilities=?
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MCQs:  Assets-Liabilities=____________?
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MCQs:  The process of recording is done?
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MCQs:  General journal is a book of _______ entries?
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MCQs:  The process of recording transactions in different journals is called_________?
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MCQs:  Every business transaction affects at least ________ accounts?
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MCQs:  Discount allowed is a kind of deduction from_____________?
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MCQs:  The other name of journal is____________?
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MCQs:  A journal entry in which two or more account is debited or credited is referred as____________?
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MCQs:  he term 2/10-n/30 implies that ______ % discount will be given if the payment is made within days or full amount is receivable within 30 days?
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MCQs:  Goods returned by customer should be debited to which of the following accounts?
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