Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Which of the following is true with respect to providing depreciation under diminishing balance method?
A: The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing
B: The amount of depreciation and the rate of depreciation decrease every year
C: The amount of depreciation decreases while the rate of depreciation remains the same
D: The amount of depreciation and the rate of depreciation increases every year
The amount of depreciation decreases while the rate of depreciation remains the same
Credit balance as per Cash Book mean____________?
A: Surplus cash
B: Bank overdraft
C: Terms deposits with bank
D: None of these
Bank overdraft
Debit side of Bank Pass book corresponds to___________?
A: Credit side of Cash Book
B: Debit side of Cash Book
C: Debit side of Trial Balance
D: Credit side of Balance Sheet
Credit side of Cash Book
Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?
A: Cheque issued but not presented
B: Cheque issued but dishonoured
C: Cheque deposited and credited by bank
D: Both and B.
Both and B.
Revenue is generally recognized as being earned at that point of time when?
A: sale is effected
B: cash is received
C: production is completed
D: debts are collected
sale is effected
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