Accounting Quiz-07 (Mixed)

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Quiz TypeTotal MCQTotal Time 
MCQ2510 Minutes
345
Created on By admin
Accounting Quiz-07 (Mixed)

Accounting Quiz-07 (Mixed)

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1 / 25

Which of the following is prepared for the purchase return?

 

 

 

2 / 25

What is the main objective of depreciation? 

 

3 / 25

“Machinery Installation” is a

4 / 25

"Income tax" is applied on

5 / 25

 “Advance Rent” is a

 

6 / 25

If you want to make a 50% mark up on sales then how many percentages you have to charge on Purchase?

7 / 25

Identify the correct journal entry for “Cash withdrawn from a bank.”

8 / 25

 “Unearned Revenue” is a

 

9 / 25

On which day is the International Accounting Day celebrated?

10 / 25

”Cash” is not paid for which expense?

11 / 25

Single entry accounting system is a

12 / 25

Which of the following is not included in the cash book?

 

13 / 25

Preliminary expense is a

14 / 25

Net profit $30,000, Tax Rate 40%, profit before tax will be

15 / 25

Which of the following is the most liquid asset of the company?

16 / 25

Which of the following accounts are not included in the Balance Sheet?

17 / 25

The former name of “IFRS” is

 

18 / 25

In which year “IASC” was established?

19 / 25

Which of the following step is not mandatory in the accounting cycle?

 

20 / 25

Which of the following is not an example of an intangible asset?

 

21 / 25

Adjusting entry is given for

 

22 / 25

Which of the following is not included in the financial statement?

23 / 25

Owner investment is considered as liability according to

24 / 25

Who is called the internal user of accounting information?

25 / 25

The rectification journal entry is given according to

 

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