11th Principles of Accounting MCQS Chapter 1

Google Ads1
11th Principles of Accounting MCQS
Image Courtesy By Freepik

Respected members,
11th Principles of Accounting MCQS Available Here. In this pages your can get 11th Principles of Accounting MCQS with Answers.
You can read and practice, 11th Principles of Accounting MCQS on Different Topic,
We make Online question bank with the help of experienced teachers and subject specialists.

FG Study / Quiz is also very useful website for online Quiz and Test sessions. Where FG STUDY Team Design and Develop large Database and Content Management System for the quizzes. We provide wide scale online quiz System for various educational and professional examination. If you are interested please visit our site FG Study Quiz

Remember That The FG STUDY Team Always provide unique and useful content for students. If you have any question or problem do not hesitate to contact us, we will be happy to reply, Thanks

The accounts of expenses, incomes, losses and gains
personal accounts
nominal accounts
real accounts
valuation accounts

Events which are related with money are called:
Monetary events
Non – monetary events
None-social events
Political events 

Modern system of bookkeeping is
none of these
modern system
double entry system
single entry system

A dealing between two persons is called a

Goods returned by customers are
sales returns
purchases returns

The errors in which amount have occurred on the opposite sides of two or more accounts and have concealed themselves in the net result, are:
Error of principle
Errors of omission 
Compensating error
Errors of commission

The accounts of assets and properties
real accounts
nominal accounts
personal accounts
valuation accounts

A basis of business languages
cost accounting

For every debit, there is a credit
matching concept
cost concept
dual aspect concept
going concern concept

Journal shows all necessary information regarding.
The accounting
The document
A transaction

Continue Reading Go to Next Page

Google Ads