Financial Accounting

Bills of Exchange MCQs with Answers

Bills of Exchange Mcqs With answers

FOLLOWING ARE MCQs RELATED TO BILLS OF EXCHANGE with Answers 1)  Bill receivable account is a : (A)  Machinery account (B) Personal A/C (C)  Real A/C (D)  None of these [efaccordion id=”01″] [efitems title=”Answer & Explaination” text=”Option C“]  [/efaccordion] 2)  At the time of endorsement of a bill, the drawer credits: (A)  …

Read More »

Banking Transactions MCQs with Answers


FOLLOWING  MCQs ARE RELATED TO BANKING TRANSACTIONS WITH ANSWERS 1)  Bank does not issue cheque book on: (A)  Current account (B)  Fixed deposit account (C)  Saving bank account (D) All of the above [efaccordion id=”01″] [efitems title=”Answer” text=”Option B“] [/efaccordion] 2)  Bank issue bank statement on: (A)  Current account (B)  Saving …

Read More »

Journal, Ledger and Trial Balance


Word journal is derived from French word “Jour” which means day, Thats’ why it is callled “Day Book”. Business transactions are recorded in journal chronologically. Whereas, in business all accounts have their separate page is called ledger. Finally, Trial Balance is very useful in business. It shows the arithmetical accuracy …

Read More »

Accounting Equation MCQs with Answers


Accounting Equation : It is very important and beneficial tool for management. we can define it in these words “The expression of the equality of an entity’s Assets with the claim against them is referred to as the Accounting Equation. The financial position of a business can be checked in …

Read More »

Introduction to Accounting MCQs with Answers

Introduction to Accounting MCQs with Answers – Test Your Mcqs Skills 1)  A  written evidence in supporting business dealing is called: (A)  Business document (B)  Business letter (C)  Voucher (D)  Financial statement Answer: Option C 2)  Creditors are also known as: (A)  Notes payable (B)  Accounts Receivable (C)  Notes payable (D)  …

Read More »

You cannot copy content of this page

Social Media Auto Publish Powered By :
error: Content is protected !!
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock