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

  1. The drawer of the bill
  2. The person responsible for dishonour
  3. The holder of the bill
  4. The endorser of the bill
  1. Bank
  2. Prepaid expenses
  3. Accounts receivable
  4. Creditor
  1. Fictitious assets
  2. Quick asset
  3. Real asset
  4. Outstanding asset
  1. Unpresented checks
  2. Uncredited checks
  3. Outstanding checks
  4. Bounced checks
  1. Interest Rate
  2. Required rate of return
  3. Nominal interest rate
  4. All of the above

  1. $500 will be debited
  2. $500 will be credited
  3. Non-adjustable
  4. $1000 will be subtracted
  1. Nominal
  2. Real
  3. Cash
  4. Capital
  1. Bank balance
  2. Cash at bank
  3. Bank overdraft
  4. Bank underdraft
  1. Asset
  2. Expense
  3. Liability
  4. Revenue
  1. Purchase journal
  2. Sales journal
  3. Purchases return journal
  4. Cash payments journal
  1. Credit balance of cash book
  2. Debit balance of cash book
  3. Bank overdraft
  4. Adjusted balance of cash book
  1. Replacement cost – Accumulated Depreciation
  2. Historical cost – Salvage Value
  3. Historical cost – Depreciation portion thereof
  4. Original cost adjusted for general price-level changes