Accounting Mcqs

Q.  Which of the following is the external user of financial statements?

a. Manager of the business
b. CEO of the business
c. Creditor of the business
d. Controller of the business


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MCQs:  Which of the following accounts can be classified as a real account?
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MCQs:  Transferring entries from journal to ledger account is commonly known as____________?
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MCQs:  An account records the ___________ in the balance of an item?
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MCQs:  If credit side of a bank account is greater than the debit side, it indicates which of the following?
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MCQs:  If debit side of a bank account is greater than credit side it indicates which of the following?
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MCQs:  _________ will be credited if goods are given as charity?
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MCQs:  Which of the following is known as the base for preparing trial balance?
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MCQs:  If debit balance is greater than creadit balance then the account blance will be__________?
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MCQs:  The normal balance of capital account is_____________?
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MCQs:  The normal balance of asset account is____________?
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MCQs:  The normal balance of liability account is____________?
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MCQs:  Which of the following statements is incorrect regarding capital account?
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MCQs:  Which of the following is the normal balance of a rent expense account?
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MCQs:  Revenue and expense accounts are referred as______________?
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MCQs:  The real accounts are accounts of Assets, liabilities and ___________?
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MCQs:  Building account is classified as _________ account?
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MCQs:  Office equipments account is classified as _________ account?
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MCQs:  ___________ helps business to classify transactions according to their nature?
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MCQs:  Which of the following is a real account?
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MCQs:  Which of the following accounts are closed at the end of an accounting period?
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