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Category: Accounting Mcqs

Tax deducted at source A/c appears in___________? MCQS

Tax deducted at source A/c appears in___________? A. Assets sideB. Liability sideC. Profit & Loss A/cD. Debited to Capital A/c Accounting Mcqs Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. Principles of Accounting, Accounting Equation, Analyzing & Classifiying Transaction, Journal, Ledger, Banking Transactions, Cash book and […]

In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life? MCQS

Home Accounting Mcqs In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life? In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life? A. Straight-line methodB. Written down value methodC. Units-of-production […]

A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car? MCQS

Home Accounting Mcqs A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car? A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is […]

Debit side of Bank Pass book corresponds to___________? MCQS

Debit side of Bank Pass book corresponds to Debit side of Bank Pass book corresponds to___________? A. Credit side of Cash Book B. Debit side of Cash Book C. Debit side of Trial Balance D. Credit side of Balance Sheet Accounting Mcqs Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. […]

Which of the following is a revenue expenses? MCQS

  Which of the following is a revenue expenses? A. Raw material consumed B. Plant purchased C. Long term loan raised from bank D. Share Capital Accounting Mcqs Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for an accountant. Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, […]

Which of the following is a Nominal A/c ? MCQS

Which of the following is a Nominal A/c ? A. Outstanding Salary A/cB. Rent A/cC. SBI A/cD. Debtors A/c Accounting Mcqs Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. Principles of Accounting, Accounting Equation, Analyzing & Classifiying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank […]

Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation? MCQS

Home Accounting Mcqs Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation? Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net […]

Which one of the following should be considered a revenue expenditure? MCQS

A. 1000 paid for the execution of a new plant B. Loss of 10,000 incurred in increasing the sitting accommodation of a hotel C. Damage paid on account of breach of a contract to supply certain goods D. Repair to machinery purchased, second hand. The post Which one of the following should be considered a […]

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