

Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
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
Posting is the process of____________?
A: Posting the letters in drop box
B: Posting suitable person to a suitable job
C: Entering in the ledger the information contained in the ledger
D: All the three
Entering in the ledger the information contained in the ledger
A book wherein various accounts are opened is called____________?
A: Subsidiary books
B: Journal
C: Ledger
D: Trial Balance
Ledger
Which of these is not a special purpose journal?
A: Cash journal
B: Purchase journal
C: Debtors journal
D: Sales journal
Debtors journal
The periodic total of sales day book is posted to___________?
A: Sales A/c
B: Cash sales A/c
C: Sales return A/c
D: Credit sales A/c
Sales A/c
The periodic total of purchase day book is posted to____________?
A: Purchase register
B: Purchase A/c
C: Cash purchase A/c
D: Credit purchase A/c
Purchase A/c
Capital expenses are shown in___________?
A: Balance Sheet
B: Profit and Loss A/c
C: Trading A/c
D: None of these
Balance Sheet
Revenue receipts are shown in___________?
A: Balance Sheet
B: Profit and Loss appropriation A/c
C: Manufacturing A/c
D: Trading and Profit and Loss A/c
Trading and Profit and Loss A/c