MCQs on depreciation in accounting: 28 Multiple choice questions with answers on depreciation are provided in this post. [1] Cost of a machine = ~ 1,12,500 salvage value = ~ 10,500 Useful Life = 5 Years Deprecation for the last year using the Sum of digits method will be: (a) ~ 6,800 (b) ~ 20,400 … Read more
MCQ on Bank reconciliation statement The following questions are taken from previous year question papers. [1] Credit balance as per Cash Book ~ 10,000 Bank charged interest ~ 150 Cheques issued but not presented for payment ~ 2,500 Balance as per Pass Book will be: (a) ~ 7,650 (b) ~ 12,350 (c) ~ 12,650 (d) … Read more
In this post, we are covering — accounting MCQs with answers. The MCQs are taken from three different topics of Accounting: SUBSIDIARY BOOKS, CASH BOOK, Capital and revenue expenditure and incomes Accounting MCQs with answers Topics Number of MCQs SUBSIDIARY BOOKS 3 CASH BOOK 13 Capital and revenue expenditure and incomes 29 Total MCQs 45 … Read more
In this post, you will get the top Multiple Choice Questions on Trial Balance with answers. These MCQs are very important for various exams like Accountant, college exams, etc; Topic Trial Balance Pattern Multiple Choice Question Total MCQs 25 Multiple Choice Questions on Trial Balance [1] Trial Balance is prepared on: (a) End of the … Read more
Financial accounting MCQ with answers: On our website, we are continuously providing accounting MCQs. In this post, another set of MCQs is provided with answers. These Accounting MCQs are collected from various previous years’ question papers. Top Financial accounting MCQ with answers [1] Cash account is a (a) Personal account (b) Real account (c) Nominal … Read more
Accountancy mcq of previous year question paper (Set 1) Objective Type Questions: The following multiple-choice questions are taken from the question papers of various Government recruitments that occurred in the past. [1] In Accounting Money is the: (a) Measurement Value (b) Scale of Measurement (c) Scale of Soc1al Measurement (d) Store of Value ANSWER-(b) … Read more
Accountancy mcq of previous year question paper (Set 2) Unit 2: Accounting concepts, principles, and conventions Objective Type Questions: The following multiple-choice questions are taken from the question papers of various Government recruitments that occurred in the past. [1] A change in Accounting Policy is justified to : (a) Comply with Accounting Standard (b) Comply with Law … Read more
Accountancy mcq of previous year question paper (Set 3) Unit 2: Accounting concepts, principles and conventions Objective Type Questions: The following multiple choice questions are taken from the question papers of various Government recruitments occurred in the past. [1] Omission of paise and showing the round figures in financial statements is based on: (a) Conservatism concept (b) … Read more
Get the top MCQ on MCQ on change in profit sharing ratio with answers. MCQs BASED ON “Reconstitution of A Partnership Firm-Change in Profit-Sharing Ratio among the Existing Partners” 1. Increase in the value of assets on reconstitution of the partnership firm results into— (a) Gain to the existing partners (b) Loss to the existing … Read more
MCQs BASED ON “PARTNERSHIPS BASICS FUNDAMENTALS” 1. According to……., “The relation between persons who have agreed to share profits of a business carried on by all or any of them acting for all”— (a) Batliboi (b) L.H. Haney (c) Spicer and Pegler (d) Indian Partnership Act,1932. 2. Main characteristics of Indian Partnership Act 1932, are— … Read more