ACCOUNTING MCQs



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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A point where profile of net present value crosses horizontal axis at plotted graph indicates project

  1. Costs
  2. cash flows
  3. internal rate of return
  4. external rate of return

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In independent projects evaluation, results of internal rate of return and net present value lead to

  1. cash flow decision
  2. cost decision
  3. same decisions
  4. different decisions

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