Top 1000+ Solved Financial Accounting MCQ Questions Answer

a. Surplus/ deficit

b. Cash balance

c. Capital fund

d. Net profit/Loss

a. Should be credited to Income and Expenditure A/c

b. Should be credited to a separate account and shown in the Balance Sheet

c. Should be shown on the Assets side of the Balance Sheet

d. None of these

a. Loss

b. Profit

c. Deficit

d. Surplus

a. Jharkhand Academic Council

b. Tata Steel

c. Air India

d. Reliance

a. Trending Organisation

b. Non-trading Organisation

c. Both (a) and (b)

d. None of these

a. Capital Receipt

b. Revenue Receipt

c. Asset

d. Profit

a. Income and Expenditure Account

b. Assets side of the Balance Sheet

c. Liabilities side of the Balance Sheet

d. Cash Account

a. School

b. Hospital

c. Club

d. Partnership Firm

a. Rs 48000

b. RS 64000

c. RS 52000

d. RS 36000

a. Liabilities side of the Balance Sheet

b. Debit side of the Income and Expenditure Account

c. Credit side of the Income and Expenditure Account

d. Assets side of the Balance Sheet

a. Personal Account

b. Real Account

c. Nominal Account

d. None of these

a. Income and Expenditure A/c

b. Balance Sheet

c. Receipts and Payments A/c

d. None of these

a. Personal Account

b. Real Account

c. Nominal Account

d. None of these

a. By Business Organisation

b. By Industrial Organisation

c. By Not-for-Profit Organisation

d. By All Organisations

a. Capital expenditure

b. Revenue expenditure

c. An income

d. None of these