ACCOUNTING MCQs



Benefits of preparing Bank Reconciliation Statement includes___________?

  1. It bring out any errors committed in preparation of Cash book / Bank Pass Book
  2. Highlights under delay in clearance of cheques deposited but not credited
  3. Help know actual bank balance
  4. All the three

اس سوال کو وضاحت کے ساتھ پڑھیں


Cash received from debtors would be deemed as___________of funds.

  1. No flow
  2. Sources
  3. Uses
  4. Gain

اس سوال کو وضاحت کے ساتھ پڑھیں


Postage stamps on hand are considered as_________?

  1. Bank
  2. Prepaid expenses
  3. Accounts receivable
  4. Creditor

اس سوال کو وضاحت کے ساتھ پڑھیں


Error which affect only one account can be

  1. Error of complete omission
  2. Error of posting
  3. Compensatory errors
  4. None of the above

اس سوال کو وضاحت کے ساتھ پڑھیں


If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then

  1. Net Profit will decrease by 3,140
  2. Gross Profit will increase by 3,320
  3. Gross Profit will decrease by 3,500
  4. Gross Profit will decrease by 3,320

اس سوال کو وضاحت کے ساتھ پڑھیں