Accounting Mcqs


Q.  The unsold goods are ______________?

a. Equity
b. Sale return
c. Inventory
d. Purchases


ANSWER: See Answer
 
No explanation is available for this question!
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
MCQs:  Credit memo or credit note No. is entered in which of the following journal?
Category: MBA Questions,   Published by: teswesm
MCQs:  In accounting an Economic event is referred to as:
Category: MBA Questions,   Published by: teswesm
MCQs:  Identify the correct sequence of accounting process
Category: MBA Questions,   Published by: teswesm
MCQs:  Bookkeeping mainly concerns with which part of accounting process?
Category: MBA Questions,   Published by: teswesm
MCQs:  Financial accounting provides financial information to all of the following external users except:
Category: MBA Questions,   Published by: teswesm
MCQs:  For which step of accounting process the accountants of business entity prepare financial statements?
Category: MBA Questions,   Published by: teswesm
MCQs:  Keeping the log of financial information in books of original entries is called__________?
Category: MBA Questions,   Published by: teswesm
MCQs:  Auditing is what?
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following is the external user of financial statements?
Category: MBA Questions,   Published by: teswesm