Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Introduction capital by owner of business is recorded on which side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Receipts
Which of the following is generally not the party to a check?
A: Payee
B: Payer
C: Bank
D: Seller
Seller
Cash book with cash and discount column is mostly referred as________?
A: Simple cash book
B: Two column cash book
C: Three column cash book
D: Petty cash book
Two column cash book
A simple or one column cash book usually has which of the following main columns?
A: Bank
B: Payments
C: Discount
D: Cash
Cash
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Payments
Postage stamps on hand are considered as_________?
A: Bank
B: Prepaid expenses
C: Accounts receivable
D: Creditor
Prepaid expenses
Cash book is prepared by____________?
A: Bank
B: Accountant of business
C: Manager of a company
D: Banks cashier
Accountant of business
Discount received is recorded on which of the following side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Payments
The closing balance of petty cash book is considered as_________?
A: Liability
B: Asset
C: Expenses
D: Income
Asset
A credit balance in cash book indicates?
A: Bank balance
B: Cash at bank
C: Bank overdraft
D: Bank underdraft
Bank overdraft