Accounting Quiz-03 (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-03 (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
92
Created on By admin
Accounting Quiz-06 (Mixed)

Accounting Quiz-03 (Mixed)

Best of Luck!

1 / 25

Net profit ratio=

 

 

 

2 / 25

Identify the correct formula for calculating Working Capital.

 

 

 

3 / 25

Which of the following is not included in the cost of goods sold?

 

4 / 25

Which one is correct?

 

5 / 25

Which of the following expenses include in prime cost?

6 / 25

Factory overhead Costs include

7 / 25

Which of the following is family revenue expenditure?

 

8 / 25

Which letter or Symbol is used for contra entry?

 

 

 

9 / 25

"Suspense account" in the trial balance is

 

 

10 / 25

Which accounting system was invented by Luca de Pacioli?

 

 

 

11 / 25

Which is called the king of all books?

 

 

12 / 25

Machinery Installation is a

13 / 25

Which one is correct?

 

 

 

14 / 25

Which of the following is an example of Long term Liabilities?

 

 

15 / 25

Which of the following "event" is recorded in the accounting book?

 

16 / 25

Debit balance of "Ledger" Indicates

 

17 / 25

Which of the following is prepared with Ledger Balances?

 

 

 

18 / 25

What is the main Principle of "double-entry system"

 

19 / 25

Which of the following is an example of capital expenditure?

 

 

 

20 / 25

What is the meaning of "C/D " in Ledger?

 

 

 

21 / 25

"Ledger" is called the

 

 

22 / 25

Full-Form of “FASB”

 

 

 

23 / 25

Which of the following is not a Source of accounting information of business?

 

24 / 25

Identify the correct Debit and Credit A/c for the following Transaction: "Purchased supplies $ 200 on account"

25 / 25

Which of the following is not an example of Deferred Expenses?

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