Top 150+ Solved Advance Accounting MCQ Questions Answer
Q. Dependent branch doesn’t keep any book of account as their entireAccounting work is performed by the head office.
a. true
b. may be false
c. neither true nor false
d. may be true
Q. ……………system of book keeping is the only scientific method to record farmingtransaction.
a. Single entry
b. Double entry
c. Balance sheet
d. Adjustment A/c
Q. Single entry constitutes incomplete records rather than single entry
a. credit.
b. Profit.
c. Accounting.
d. Net profit
Q. Under pure single entry system only……………..Account are kept.
a. Personal
b. double entry
c. Assets
d. None of these
Q. Under the………………… entry system personal accounts, cashbook and othersubsidiary books are kept separately.
a. Pure single
b. Quasi single
c. Simple single
d. Double entry
Q. Accounting is mainly concerned with the future management planning.
a. Personal.
b. Quasi single entry
c. Pure single entry
d. Management
Q. In…………………entry system no records are kept for real or nominal Account.
a. Quasi single
b. pure single
c. Simple single
d. Double entry
Q. Most of the farming transactions are transacted on ……………..basis.
a. Double entry
b. Creditors.
c. Surplus.
d. Cash
Q. In single entry system it’s difficult to operate …………….system
a. Pure single
b. Single entry
c. Internal control
d. Quasi single
Q. In single entry system it’s difficult to exercise control over .
a. Asset
b. Management
c. Single entry
d. Pure single entry
Q. Under…………… entry system, Personal Accounts and Cash Book are kept separately.
a. Simple single
b. Pure s ingle.
c. Quasi single.
d. Double entry
Q. Under statement of affairs method which is also termed as .
a. Single entry system
b. Quasi single entry system
c. Capital comparison method
d. Double entry system
Q. If the closing capital is more than the opening capital it’s shows an increase in capital which means a ……………
a. Profit.
b. Shares.
c. Account.
d. Operating capital
Q. Under single entry system arithmetical accuracy of the Accounting records can be checked.
a. true
b. false
c. may be false
d. both a and b