Accounting Quiz-02 (Mixed)

Playing the quiz is an effective way to improve mental competencies. And to develop this mental skill we have brought the Accounting Quiz section. If you Practice these 25 “Accounting Quiz-02 (Mixed)” on a regular basis and it will definitely enhance your mental and accounting skills.

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Now, Test your knowledge with our mixed basic accounting quizzes (Multiple Choice questions). It will definitely develop your accounting skill.

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Rules

Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
26
Created on By admin

Accounting Quiz-02 (Mixed)

Best of Luck!

 

1 / 25

Debit balance of "Ledger" account indicates

 

 

2 / 25

"Reason of Transaction" Known from

 

3 / 25

Which entry is used for closing the Nominal account?

 

4 / 25

Which account will be credited for bad debts written off?

 

 

 

5 / 25

Which transaction will increase Liabilities?

 

6 / 25

"Journal" is called

 

7 / 25

The difference between the total amount of debit and credit of an account is called

 

8 / 25

"Credit" indicates

 

9 / 25

Total number of Columns in "T" Table

 

10 / 25

The import duty of goods is a

11 / 25

If revenue expenditure is recorded as capital expenditure then which calculation will be wrong?

 

 

12 / 25

Which one is recorded in the statement of financial position?

 

 

 

13 / 25

“Sale of furniture” of furniture merchandising business—

 

 

14 / 25

Which one is used rough working for financial statements?

 

15 / 25

Which of the following is not a part of the accounting process?

 

16 / 25

Which of the following statement is incorrect for the user of accounting information?

17 / 25

Which of the following is a revenue item?

18 / 25

Which one is correct Expanded Accounting Equation?

 

19 / 25

Full-Form of “GAAP”

 

20 / 25

A Balance Sheet Presents

 

 

21 / 25

Which one is an example of Liabilities?

 

22 / 25

Which accounting system is more popular for keeping Accounts?

 

23 / 25

Which one is a Transaction?

 

 

24 / 25

Which of the following is an example of Tangible Asset?

 

25 / 25

Which is called the language of Business?

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