11th Principles of Accounting MCQS Chapter 5

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 payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points:
Rs. 200 will be deducted
Rs. 400 will be deducted
Rs. 200 will be added
Rs. 400 will be added

Profit & Loss a/c is prepared to ascertain
Gross Loss
Gross Profit
Real Profit
Net Profit

Office rent is a
Financial Expense
Management Expense
Maintenance Expense
Abnormal Loss

Goodwill, patent, copyright are classified as
Tangible Assets
Current Assets
Wasting Assets
Fixed Assets

Wages paid for installing a machine should be debited to
Machinery a/c
Wages a/c
none of these
Cash a/c

In adjusting the cash balance one of the following is not taken into account:
None of the abvove
Mistakes in the cash book
Mistake in the bank statement
Interest and dividends credited in the bank statement

Gross profit is derived from
Trial Balance
Balance Sheet
Profit & Loss a/c
Trading a/c

Assets having some market value
Unreal Assets
Fictitious Assets
None of these
Real Assets

The bad debts which are showed in the trial balance are called
additional bad debts
old bad debts
new bad debts
further bad debts

Financial accounting is mainly confined to preparation of:
Production statement
Financial statements
Manufacturing statement
Sale statement

Continue Reading Go to Next Page

Google Ads