Top 1000+ Solved Financial Accounting MCQ Questions Answer

a. Sales account

b. Furniture account

a. Salary

b. Personal

a. Ledger

b. Profit & loss account

a. Journal

b. Ledger

a. Increase

b. Decrease

a. Increase

b. Decrease

a. Debit

b. Credit

a. Summary

b. Description

a. Balance sheet

b. Trading account

a. Tangible asset

b. Fixed asset

a. Trading accounting

b. Profit & loss account

a. Capital

b. Sales

a. It facilitates off-line input and storage of accounting data

b. This system never fails

c. It generates a print-out of purchase and sale invoices

d. None of the above

a. High Speed

b. High Reliability

c. Reduced training cost

d. None of the above

a. Ready to use Software

b. Customized Software

c. Tailor-made Software

d. All of the above