Accounting Mcqs

Q.  Which of the following is not an intangible asset?

a. Trade mark
b. Franchise
c. Accounts Receivable
d. Secret Profit


ANSWER: See Answer
 
An accounts receivable is not an intangible asset. It is the amount that the business has to receive from its debtors. The other assets mentioned in alternatives a, b, and d- trademark, franchises and secret processes are intangible assets. Hence, the correct answer is C.
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  Under which of the following situations, is journal entry not passed in the books of the drawer?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is not a feature of a promissory note?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  How many parties are generally found in a Bill of Exchange?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Negotiable Instrument Act was enacted in_________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these is not an essential feature of a bill of exchange?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A foreign bill of exchange is generally drawn up in___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these are not required in a promissory note?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Accommodation bills are generally for?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A cash deposit made by business appears on the bank statement as _______ balance?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A check returned by bank marked “NSF” means that:
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Bank reconciliation statement is prepared by____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Favorable balance of cash book implies that
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In the Bank reconciliation statement “Deposit in transit” is usually:
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Unpresented checks also referred as____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Standing orders are ________
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Uncollected checks also referred as______________?
Category: MBA Questions,   Published by: T-Code Scripts