introductory course in Financial Accounting
Financial accounting or financial accountancy is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes.
MGT101 MCQS Quiz is based on introductory course in Financial Accounting. This quiz helps you to understand and practice the main topics.
MGT101 MCQS Quiz Main Topics
Basic concepts of accounting
Record keeping and some basic concepts
Systems of Accounting and some basic terminologies
Single and double entry record keeping
Classification of accounts
Basic books of accounts
Introduction to Financial Statements
Recording of Transactions
Accounting equation
Voucher
its types and Posting to Ledgers
Recording of Stock
Cost of goods statement & Valuation of Stock
Fixed Assets and Depreciation
Methods for charging depreciation
Depreciation on purchase and disposal of fixed assets
Revaluation of Fixed Assets
Bank Reconciliation Statement
Rectification of Error
Debtors
Creditors
Accruals and Provision for Bad Debts
Control Account
Rectification of Errors
Presentation of Financial Statements
Types of Business Entities
Financial Statements of Sole Proprietorship
Financial Statements of Manufacturing Concern
Financial Statements of Partnership
Mark Up on Capital and Drawings
Introduction to Companies
Components of Financial Statements of Companies
Cash Flow Statement
Financial Statements of Listed/Quoted Companies
Financial Ratios.