Accountancy mcq previous year question paper

 Accounting: An introduction Unit:- meaning and scope of accounting Objective Type Questions: The following multiple choice questions are taken from the question papers of various Government recruitments occurred in the past. [1] Financial statements users include  (a) Shareholders (b) Government (c) Vendors  (d) All of the above ANSWER-(d)   [2] Which of these is not available … Read more

Accounting Multiple Choice Questions with answers | Download PDF for MCQs

  MCQs BASED ON “Public Financial Management System (PFMS)“ 1. Public Financial Management System was previously known as a) Central Plan Scheme For Monitoring Scheme(CPSMS) b) Public Plan Scheme For Monitoring Scheme(PPSMS) c) Fund Plan Scheme for Monitoring Scheme(FPSMS) d) Properties Plan Scheme for Monitoring Scheme(PPSMS) 2. This was done by including PFMS in the … Read more

Accounting Multiple Choice Questions with answers | Download PDF for MCQs | Reconstitution of A Partnership

 MCQs BASED ON “Reconstitution of A Partnership Firms -Admission of A New Partner“ 1. A, B and C are partners in a firm. If D is admitted as a new partner:(a) Old firm is dissolved(b) Old firm and old partnership is dissolved(c) Old partnership is reconstituted(d) None of these. 2. At the time of admission … Read more

ACCOUNTING TERMS

➢ Assets Assets are valuable and economic resources of an enterprise useful in its operations. Assets can be broadly classified as: 1) Current Assets: Current Assets are those assets which are held for short period and can be converted into cash within one year. For example: Debtors, stock etc. 2) Non-Current Assets: Non-Current Assets are … Read more