ACCOUNTING MCQs


چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب موٹا ہو جاے گا


The process by which companies credit value for customer and build strong customer relationship in order to capture value from customer in return is called ____.

  1. Marketing
  2. Management
  3. HRM
  4. Research

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A final statement is a means of communicating information about an enterprise in ___ terms.

  1. Import
  2. Export
  3. Financial
  4. None

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Credit purchases of plant and machinery is recorded in which following specialized Journals?

  1. General journal
  2. Cash journal
  3. Purchase journal
  4. Purchase return journal

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The normal balance of liability account is:

  1. Credit balance
  2. Debit balance
  3. Cash balance
  4. None of above

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A cost that changes with the number of units produced, but that can never be a zero, is what kind of cost ?

  1. Mixed cost
  2. Period cost
  3. Variable cost
  4. Product cost

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A___ is a formal financial statement that summarizes revenue and expense for a period:

  1. Income statement
  2. Capital statement
  3. Balance sheet
  4. Statement of cash

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Which of following account is not an account that normally has a credit balance?

  1. Expense
  2. Liability
  3. Revenue
  4. Owner's capital

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The major government policies that can be used to pursue its macroeconomic goals are:

  1. Fiscal policy and debit policy
  2. Fiscal policy and monetary policy
  3. Fiscal policy and subsidies
  4. None

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Which of following account with normal balance is shown at the debit side of the trial balance?

  1. Rent income account
  2. Credits account
  3. Cash account
  4. Unearned income account

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The maintenance of accounts in a systematic way is called:

  1. Accounting
  2. Reading
  3. Book keeping
  4. Auditing

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