MCQs4All - Accounting MCQs for NTS, FPSC, CSS, IELTS, TOEFL

  1. Expense
  2. Liability
  3. Assets
  4. All of them
  1. Receipts
  2. Payments
  3. Incomes
  4. Expenditures

  1. Genuine trade reasons
  2. For mutual financial accommodation
  3. To help augment money supply
  4. All the three
  1. Recording entries in journal
  2. Recording entries in Ledger account
  3. Recording two aspects of every transaction
  4. Recording every transaction in books
  1. Cash receipt journal
  2. Cash payment journal
  3. Cash book
  4. Financial statements
  1. Direct cost
  2. Variable cost
  3. Commercial cost
  4. Conversion cost
  1. Journal entry
  2. Multi entry
  3. Additional entry
  4. Compound entry
  1. Gains
  2. Depreciation
  3. Expenses
  4. Capital expenditures
  1. Identifying an economic event or transaction
  2. Preparing journals
  3. Posting entries to ledger accounts
  4. Making decisions about business