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Basic Accounting Multiple Choice Questions | My Accounting Course
Home» Financial Accounting Basics» Financial Accounting Basics Multiple Choice Questions. Correct! The income statement displays all revenues and expenses recorded in a period in a single report. Close me! Incorrect! The balance sheet displays assets, liabilities, and owner’s equity. Accounting Multiple Choice Questions and Answers [Pdf Download]: Here learn introduction to financial accounting multiple choice questions and answers and download financial accounting mcqs with answers pdf. Accounting Pdf Download Click Here. MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] Which accounting concept satisfy the valuation criteria A] Going concern, Realisation, Cost b) Going concern, Cost, Dual aspect c) Cost, Dual aspect, Conservatism d) Realisation, Conservatism, Going concern.
Accounting multiple choice questions and answers download pdf
We provide all important questions and answers for all Exam. Toggle navigation. Computer Sc. Home General Knowledge accounting questions and answers.
Go To Download Page Close. What is the main objective of financial accounting? According to which concept the owners are considered to be different from the business [A] business entity concept [B] going concern concept [C] money measurement concept [D] accounting period concept Answer: Option [A]. According to which concept all the transactions are measurable in the terms of money are recorded in accounts?
While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. Which of the following is related to Scientific system of maintaining account? Which of the following defines outstanding salary account? Debit the receiver, credit the giver is rule for [A] personal account [B] tangible real account [C] nominal account [D] representative personal account Answer: Option [A], accounting multiple choice questions and answers download pdf.
All revenue incomes are credited to [A] manufacturing account [B] trading account [C] profit and loss account [D] none of the above Answer: Option [C].
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, time: 24:50Accounting multiple choice questions and answers download pdf
MULTIPLE CHOICE QUESTIONS CHAPTERS 1 – 5 CHAPTER 1 1. Which of the following jobs check accounting in ledgers and financial statements? (A) Financial (B) Audit (C) Management (D) Budget Analysis ANSWERS 1. D 2. B 3. A 4. C. CHAPTER 3 1. The elements of the accounting equation are I. . Accounting Test Question With Answers On Accounting Equation and Debit And Credit _____ (Page 1) ˘ ˇ ˆ ˙˝ ˘ ˇ ˘˘ ˙˝˘ ˙˛ ˙ ˇ ˘˘ ˙ • Section C questions on Multiple Choice Question Accounting Test Question With Answers On. MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] Which accounting concept satisfy the valuation criteria A] Going concern, Realisation, Cost b) Going concern, Cost, Dual aspect c) Cost, Dual aspect, Conservatism d) Realisation, Conservatism, Going concern.
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