Types of Accounts MCQs
MCQs 1 To 10
1. Economic resources of business that expected to be of benefit in future time referred as?
2. Liabilities are?
3. All of following are Assets except?
5. Which of the following statement is best describes the meaning of ‘Purchases’?
6. Residual interest in the net asset of an entity that remains after deducting its liabilities is?
7. All of following are Expenses except?
8. Which of the following item of revenue nature?
9. All economics costs that a business incur through its operation to earn revenues?
10. All of the following are Liabilities except?
>> Read Types of Accounts
MCQs 11 To 20