Top 1000+ Solved Financial Accounting MCQ Questions Answer

a. Expenses A/c ;

b. Assets A/c ;

c. Revenue A/c ;

d. Suspense A/c

a. Sales account ;

b. Purchase account ;

c. Supplier's account and purchase account

d. None of these

a. Capital Receipt ;

b. Revenue Receipt ;

c. Revenue Gain ;

d. Capital Gain

a. Capital Receipt ;

b. Revenue Receipt ;

c. Revenue Income ;

d. Capital Income

a. Revenue Expenditure ;

b. Deferred Revenue Expenditure ;

c. Capital Expenditure ;

d. Depreciation.

a. Casual Receipt ;

b. Revenue Receipt ;

c. Loss ;

d. Expenses

a. Capitalized ;

b. Treated Loss ;

c. Revenue Expenses ;

d. Deferred Revenue expenses.

a. Debit balance only ;

b. Credit balance only ;

c. Debit or Credit balance ;

d. No balance at all

a. No balance at all ;

b. Debit balance ;

c. Credit balance ;

d. Debit or Credit

a. Journal Voucher ;

b. Receipt Voucher ;

c. Payment Voucher ;

d. Nominal Voucher

a. General Journal ;

b. Purchase Journal ;

c. Profit and Loss A/c ;

d. Suspense A/c

a. Purchases account ;

b. Supplier's account ;

c. Purchases account and supplier's account

d. None of these

a. Compulsory acquisition of part of land of the company by the Government

b. A suit filed by the employee against the company

c. A debtor of the company is declared insolvent, resulting in bad debts to the company

d. All of (a), (b) and (c) above.

a. Claims against the company not acknowledged as debts

b. Debts included on debtors which are doubtful in nature

c. Uncalled liability on partly paid shares

d. Arrears of cumulative fixed dividends

a. Negative Balance ;

b. Debit balance ;

c. Positive Balance ;

d. Credit balance