Accounting Variation Proforma MCQs



MCQs 1 to 10

 

1. The amount charged to customer for goods or services sold is called?

Correct! Wrong!

2. The decrease in owner’s equity attributable to business activities is called?

Correct! Wrong!

3. The payment of cash to supplier will?

Correct! Wrong!

4. In double entry system of book–keeping every business transaction affects?

Correct! Wrong!

5. A person who pays out something or to whom money owes is called?

Correct! Wrong!

6. The amount of salary paid to Sohail should be debited to?

Correct! Wrong!

7. The effect of a credit entry on the payables account is to?

Correct! Wrong!

8. A debit will reduce _____________________________, but increase ___________________________?

Correct! Wrong!

9. How the debit side of journal effect?

Correct! Wrong!

10. Which of the following transactions results in an immediate increase in expenses?

Correct! Wrong!

Accounting Variation Proforma (1-10)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

Share your Results:

 

>> Read Accounting Variation Proforma



 

MCQs 11 to 20

 

11. What the nature of purchases account?

Correct! Wrong!

12. If the goods are purchased for the purpose of resale on credit, then the following account would be credited?

Correct! Wrong!

13. Expired cost of any fixed assets?

Correct! Wrong!

14. To record goods returned inward?

Correct! Wrong!

15. Every transaction has minimum __________________?

Correct! Wrong!

16. What is the nature of sales?

Correct! Wrong!

17. The rent paid to landlord should be credited to?

Correct! Wrong!

18. When drew cash from bank Rs. 8,000 for office use bank account will be?

Correct! Wrong!

19. The person or corporation from whom the business is purchased is?

Correct! Wrong!

20. All of them are same except?

Correct! Wrong!

Accounting Variation Proforma (11-20)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

Share your Results:

 

>> Practice Accounting Variation Proforma Problems and Solutions  

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *