Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Debit balance as per bank pass book mean_____________?
A: Surplus cash
B: Bank Overdraft
C: Terms deposits with bank
D: None of these
Bank Overdraft
Which of the following is a revenue expenses?
A: Raw material consumed
B: Plant purchased
C: Long term loan raised from bank
D: Share Capital
Raw material consumed
Which of the following is a capital expenditure?
A: Repair of plant and machinery
B: Salary paid to workers
C: Cost of stand by equipment
D: Annual whitewash of the office building
Cost of stand by equipment
Which of these types of expenditure would not be treated as a Capital Expenditure?
A: Acquisition of an Asset
B: Extension of an Asset
C: Improvement of the existing Asset
D: Maintenance of the Asset
Maintenance of the Asset
Expenses of the following nature are treated as a Revenue expenses except__________?
A: Expenses for day to day running of the business
B: Putting the new asset in working condition
C: Depreciation
D: Purchase of raw material
Putting the new asset in working condition
Cash received from debtors would be deemed as___________of funds.
A: No flow
B: Sources
C: Uses
D: Gain
No flow
Generally the term fund is used to mean the difference between?
A: Current assets and current liabilities
B: Profit and loss A/C and Balance sheet
C: Current assets and non-current liabilities
D: Current liabilities and non-current liabilities
Current assets and current liabilities
Which of these documents is not required for Bank Reconciliation?
A: Bank column of Cash Book
B: Bank Pass Book
C: Bank Statement
D: Trial Balance
Trial Balance
Which of these items are taken into consideration for preparation of adjusted Cash Book
A: Mistake in Cash Book
B: Mistake in Pass Book
C: Cheque issued but not presented for payment
D: Cheques deposited but not cleared
Mistake in Cash Book
Credit balance as per Cash Book mean____________?
A: Surplus cash
B: Bank overdraft
C: Terms deposits with bank
D: None of these
Bank overdraft