Accounting MCQs – Page 2

✅ C. 10,000 units

Option A : 8,000 units Option B : 11,000 units Option C : 10,000 units Option D : 9,000 units Correct Answer : 10,000 units Read more

✅ D. Petty cash book

Option A : Simple cash book Option B : Two column cash book Option C : Three column cash book Option D : Petty cash book Correct Answer : Petty cash book Read more

✅ B. Payments

Option A : Receipts Option B : Payments Option C : Incomes Option D : Expenditures Correct Answer : Payments Read more

✅ B. Payments

Option A : Receipts Option B : Payments Option C : Income Option D : Expense Correct Answer : Payments Read more

✅ B. Prompt

Option A : Lump sum Option B : Prompt Option C : Actual Option D : None of them Correct Answer : Prompt Read more

✅ A. Receipts

Option A : Receipts Option B : Payments Option C : Incomes Option D : Expenditures Correct Answer : Receipts Read more

✅ C. Three columns cash book

Option A : Cash book Option B : Two columns cash book Option C : Three columns cash book Option D : Petty cash book Correct Answer : Three columns cash book Read more

✅ A. Petty cash

Option A : Petty cash Option B : Cash book Option C : Cash receipt Option D : Discount Correct Answer : Petty cash Read more

✅ B. T

Option A : I Option B : T Option C : H Option D : None Correct Answer : T Read more

✅ D. Seller

Option A : Payee Option B : Payer Option C : Bank Option D : Seller Correct Answer : Seller Read more

✅ B. Two column cash book

Option A : Simple cash book Option B : Two column cash book Option C : Three column cash book Option D : Petty cash book Correct Answer : Two column cash book Read more

✅ D. Cash

Option A : Bank Option B : Payments Option C : Discount Option D : Cash Correct Answer : Cash Read more

✅ B. Payments

Option A : Receipts Option B : Payments Option C : Incomes Option D : Expenditures Correct Answer : Payments Read more

✅ B. Prepaid expenses

Option A : Bank Option B : Prepaid expenses Option C : Accounts receivable Option D : Creditor Correct Answer : Prepaid expenses Read more

✅ C. Bank overdraft

Option A : Bank balance Option B : Cash at bank Option C : Bank overdraft Option D : Bank underdraft Correct Answer : Bank overdraft Read more

✅ D. At the end of every accounting period

Option A : Every day Option B : Every half year Option C : Every year Option D : At the end of every accounting period Correct Answer : At the end of every accounting period Read more

✅ C. Accounts receivable

Option A : Cash Option B : Bank balance Option C : Accounts receivable Option D : Cash reserve Correct Answer : Accounts receivable Read more

✅ A. Outstanding checks

Option A : Outstanding checks Option B : Unpresented checks Option C : Deposit in transit Option D : Omission of Bank charges Correct Answer : Outstanding checks Read more

✅ B. Uncredited checks

Option A : Unpresented checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Correct Answer : Uncredited checks Read more

✅ A. Credit balance

Option A : Credit balance Option B : Debit balance Option C : Bank overdraft Option D : Adjusted balance Correct Answer : Credit balance Read more