📒Accounting MCQs
Accounting MCQs
397 MCQs311
Standing orders are ________
ACredited in the cash book
BDebited in the cash book
CEntered in the bank statement
DEntered in the petty cash balance
312
LIFO stands for__________?
📒AccountingBy: Muhammad Danish
ALots in , Few out
BLink input, Format Output
CLast input, First Output
DLast in, First Out
313
For the business, capital is ____________?
AExpense
BLiability
Cfinancial assets
314
Cash discount is provided on _______________?
APurchases
BPrompt payment
CSales
DSales return https://www.zintego.com
315
Non Trading institution prepare:______________?
📒AccountingBy: Aqib Niazi
Aprofit and loss account
BManufacturing account
CIncome and Expenditure Account
DCost of good sold
316
Depreciation fund method is also known as__________?
📒AccountingBy: Syed Nizakat Ali Shah
ASinking Fund Method
BAnnuity Method
CSum of Year Digits Method
DNone of these
317
Audit fess is a part of__________.
📒AccountingBy: ALIYA NAWAZ
Aworks on cost.
Bselling overhead.
Cdistribution overhead.
Dadministration overhead
318
Tender is an_____________?
📒AccountingBy: ALIYA NAWAZ
Aestimation of profit.
Bestimation of cost.
Cestimation of selling price.
Destimation of units.
319
Cash book records:______________?
ACash payments
BCash receipts
CCash payments and cash receipts
DNeither cash payments nor cash receipts
320
An entry which is made on both sides of a cash book is called__________?
ACash entry
BContra entry
CPayment entry
DCompound entry