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

  1. Credit balance
  2. Debit and credit balance
  3. Cash balance
  4. Debit balance
  1. Balance sheet
  2. income statement
  3. common size income statement
  4. All of the Above
  1. Liabilities
  2. Cash
  3. Bank
  4. Capital
  1. Ledger
  2. T account
  3. Day book
  4. Cash book
  1. Only cash sales
  2. All types of cash receipts and payments
  3. Only revenue receipts
  4. Only capital receipts
  1. Expense of business
  2. Income of business
  3. Loss of business
  4. Abnormal loss of business

  1. Government agencies
  2. investors
  3. Creditors
  4. Managers
  1. Credit side of Cash Book
  2. Debit side of Cash Book
  3. Debit side of Trial Balance
  4. Credit side of Balance Sheet
  1. Increase
  2. Decrease
  3. Increase or decrease
  4. Appreciation
  1. Purchase return
  2. Customer return
  3. Sales return
  4. Inventory return
  1. Net Profit will decrease by 3,140
  2. Gross Profit will increase by 3,320
  3. Gross Profit will decrease by 3,500
  4. Gross Profit will decrease by 3,320
  1. $2000 will be debited in cash book
  2. $2000 will be credited in cash book
  3. $4000 will be debited in cash book
  4. $4000 will be credited in the cash book
  1. Surplus cash
  2. Bank overdraft
  3. Terms deposits with bank
  4. None of these