Top 1000+ Solved Financial Accounting MCQ Questions Answer
Q. The method of rapidly posting entries in the books of banks is called as ……….
a. Single Entry
b. Cash Method
c. Slip System
d. None of these
Q. The P&L A/c of Banking Companies are prepared as per ………of Banking Regulation Act.
a. Form A of Schedule III
b. Form B of Schedule III
c. Form A of Schedule VI
d. Form B of Schedule VI
Q. Transaction& events not capable of being expressed in terms of money are not to berecorded in accounting due to
a. Going concern
b. Accounting entity
Q. The policy of anticipate no profit and provide for all possible losses is followed due to
a. Conservation concept
b. Consistency concept