

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 the internal user of financial statements?
A: Creditor of the business
B: Government agency
C: Shareholder of the business
D: Manager of the business
Manager of the business
Specialized journals are more adequate for which TYPE OF BUSINESSES?
A: Small businesses
B: Big businesses
C: Sole proprietorship
D: Partnership
Big businesses
Which of the following is known as an evidence that a transaction took place?
A: Cash receipts journal
B: General journal
C: Source document
D: Cash book
Source document
BUSINESS paid rent amounting to $100³ which of the following specialized journals records this transaction?
A: Cash receipts journal
B: Cash payments journal
C: Sales journal
D: Purchase journal
Cash payments journal
Credit memo or credit note No. is entered in which of the following journal?
A: General journal
B: Cash journal
C: Purchase journal
D: Sales return day book
Sales return day book
Credit purchase of plant and machinery is recorded in which of the following journals?
A: General journal
B: Cash journal
C: Purchase journal
D: Purchase return journal
General journal
Debit note is the basis for recording a transaction in which of the following journals?
A: General journal
B: Cash journal
C: Purchase journal
D: Purchase return journal Read More Details about this Mcq
Purchase return journal
SALE of old furniture will be recorded in which of the following specialised journals?
A: Purchase journal
B: Sales journal
C: General journal
D: Cash receipt journal
General journal
Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?
A: Purchase journal
B: Sales return journal
C: General journal
D: Cash receipt journal
Sales return journal
Which of the following specialized journals records goods returned by customers?
A: Purchase journal
B: Sales journal
C: Purchases return journal
D: Sales return journal
Sales return journal