Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Discount allowed is a kind of deduction from_____________?
A: Account payable
B: Account receivable
C: Cash account
D: Discount account
Account receivable
Fresh capital introduction will increase____________?
A: Assets and liabilities
B: Assets and equity
C: Liabilities and equity and bank balance
D: Capital and liabilities
Assets and equity
Cash received for services rendered will______________?
A: Increase cash and liability
B: Increase equity and liability
C: Increase fixed assets and cash
D: Increase cash and equity
Increase cash and equity
Which of following best describes the increase in equity expands___________?
A: Business operations
B: cash outflows
C: Inflows of cash
D: Appropriation expenses
Business operations
If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
A: $5,000
B: $10,000
C: $15,000
D: $20,000
$5,000
An increase in provision for bad debt will____________?
A: Decrease net income
B: Decrease liabilities
C: Increase net income
D: Increase liabilities
Decrease net income
Current assets “ Current liabilities=?
A: Capital
B: Absorbed capital
C: Net assets
D: Net working capital
Net working capital