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Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Sales and purchase journal dont record__________?
A: Credit sales
B: Credit purchases
C: Credit sales and purchases
D: Cash sales and purchases
Cash sales and purchases
Cash received from debtor is recorded in which of the following SPECIALIZED journals?
A: Purchase journal
B: Sales journal
C: Cash receipts
D: Cash payments journal
Cash receipts
Which of the following is a type of cash receipt journal + cash payment journal?
A: Bank statement
B: Statement of cash flow
C: Cash book
D: Cash documents
Cash book
Cash purchases is recorded in which of the following specialized journals?
A: Purchase journal
B: Sales journal
C: Purchases return journal
D: Cash payments journal
Cash payments journal
A brief explanation recorded below every entry in general journal is commonly known as__________?
A: Narration
B: Explanation
C: Summary
D: Other information
Narration
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 account with normal balance is shown at the debit side of a trial balance?
A: Rent income account
B: Creditors account
C: Unearned income account
D: Cash account
Cash account