Accounting Quiz-03 (Mixed)

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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
15
Created on By admin

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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