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

  1. Inventory system
  2. Survey system
  3. Annuity system
  4. Insurance
  1. Working Capital
  2. Circulating capital
  3. Fixed capital
  4. Trading capital
  1. Increase cash and liability
  2. Increase equity and liability
  3. Increase fixed assets and cash
  4. Increase cash and equity
  1. Depreciation
  2. Drawings
  3. Outflow of cash
  4. Appreciation
  1. $5000 will be credited
  2. $5000 will be debited
  3. $10,000 will be credited
  4. $10,000 will be debited
  1. Liabilities
  2. Revenues
  3. Expenses
  4. Assets

  1. On the assets side under current assets
  2. On the assets side under loans and advances
  3. On the liabilities side under current liabilities
  4. On the liabilities side under provisions
  1. Bank
  2. Accountant of business
  3. Manager of a company
  4. Bank’s cashier
  1. Cash column
  2. Bank column
  3. Petty cash column
  4. Discount column
  1. Assets side
  2. Liability side
  3. Profit & Loss A/c
  4. Debited to Capital A/c
  1. Bank overdraft
  2. Cash at bank
  3. Bank balance
  4. Current Asset
  1. Overstatement of Assets
  2. Understatement of Assets
  3. Overstatement of Liabilities
  4. Understatement of Liabilities