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

  1. Purchase journal
  2. Sales journal
  3. Cash receipts
  4. Cash payments journal
  1. Book of entries
  2. Book of original entries
  3. T account
  4. Books of economic event
  1. Credit balance
  2. Debit balance
  3. Cash balance
  4. Neither debit nor credit balance
  1. Add income received in advance to respective income and show it as a liability
  2. Deduct income received in advance from respective income and show it as a liability
  3. Add income received in advance to respective income and show it as asset
  4. Deduct income received in advance from respective income and show it as an asset in the Balance Sheet
  1. Current assets
  2. Intangible assets
  3. Deferred revenue expenditure
  4. Not an asset
  1. In Trading A/c
  2. In Profit and Loss Appropriation A/c
  3. Profit and Loss A/c
  4. Being a non operating item ignored

  1. Relevant costs
  2. Differential costs
  3. Target costs
  4. Sunk costs
  1. Nominal
  2. Real
  3. Cash
  4. Capital