Accounting Basics MCQs

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 MCQs 1 to 10

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Accounting is the language of?

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AAA stands for?

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Which of the following user groups required the most detailed financial information?

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Which of the following statement is true about purpose of accounting?

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Which of the following provides information about the financial information’s, obligations and activities on the economic entity that is intended for use primarily by external decision makers?

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Which one of the following statement completely and correctly describes accounting?

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The two most common specialized fields of accounting in practice are?

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External reporting is the result of?

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Which of the following does not describe accounting?

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How many approaches accounting has?

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Accounting Basics MCQs (1-10)
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MCQs 11 To 20

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The controller's responsibilities are primarily in nature, while the treasurer's responsibilities are primarily related to?

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External users include all of the following except?

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Internal users of accounting information include all of the following except?

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Which of the following persons are most likely to use accounting information?

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The outcome of financial accounting is to?

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Someone who uses accounting information is?

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External users of accounting information include all of the following except?

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Which of the following groups use financial accounting information?

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Accounting is an information and measurement system that does all of the following except?

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To understand and use accounting information in making economic decisions, you must understand?

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Accounting Basics MCQs (11-20)
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>> Further Reading Accounting Definition.

References

Awais, Q. M. (2009). Fundamental of Financial Accounting. (2nd, Ed.) Lahore: Waheed Publication.

Bazley, M., Hancock, P., Berry, A., & Jarvis, R. (2001). Contemporary Accounting. (4th, Ed.) UK: International Thomson Business Press.

Ghani, M. A. (1992). Principles of Accounting. (13th, Ed.) Lahore: Pak Imperial Book Depot.

Gupta, R. L., & Radheswamy, M. (2009). Advanced Accountancy (Vol. I & II). New Delhi: S Chand & Co.

Jain, S. .., & Narang, K. N. (2014). Advanced Accountancy. New Delhi: Kalyani Publishers.

Maheshwari, S. N., & Maheshwari, S. K. (2009). An Introduction to Accountancy. (10th, Ed.) New Delhi: Vikas Publishing House Pvt. Ltd.

Maheshwari, S. N., & Maheshwari, S. K. (2009). Financial Accounting. (5th, Ed.) New Delhi: Vikas Publishing House Pvt. Ltd.

Maheshwari, S. N., & Maheshwari, V. L. (2009). Advanced Accountancy (Vol. I & II). New Delhi: Vikas Publishing House Pvt. Ltd.

Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Porwal, L. S. (2001). Accounting Theory. New Delhi: Tata Mcgraw Hill Publishing Co. Ltd.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

Sehgal, A., & Sehgal, D. (n.d.). Advanced Accountancy (Vol. I & II). New Delhi: Taxmann Publication Pvt. Ltd.

Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2008). Advanced Accountancy (Vol. I & II). New Delhi: S Chand & Co.

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Accounting Principles (10th ed.). Hoboken: John Wiley & Sons, Inc.

Williams, M., & Bettner, H. (1999). Accounting (The basic for business decisions). (11th, Ed.) USA: Irwin McGraw- Hill.

 

9 Comments

  1. Asslam o Alikum.This is Kubra .I have two upcoming exams of accounting and I want to enroll with you for the desired preparation.What are the procedures?

    Reply
    • WS. What type of exams you are interested to attempt?

      Reply
  2. excellent

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  3. Excellent post! We are linking to this particularly great article on our website. Keep up the good writing.

    Reply
  4. Thanks for sharing such an informative post with us. Accounting has become a crucial part of every business these days. With the help of accounting you can manage all your financial data, company’s record, etc.

    Reply
  5. outstanding learning

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  6. MCQs are easy to understand and practice in this website.

    Reply
    • Unexpired rent is an example of:

      Reply
  7. thankls

    Reply

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