MCQ’s on Bank Reconciliation Statement (200)
A) Errors in the pass bookB) Cheques not yet presented for paymentC) Direct debits by the bankD) Dishonored chequesE) All of the aboveAnswer: E NOT…
MCQ’s on Meaning and Scope of Accounting
1. In accounting, the preparation and presentation of classified data for the use of internal and external users is known as: a) Analyzing b) Summarizing…
MCQ’s on Cash Book and Subsidiary Books
1. Which of the following is recorded in the Purchases Book? (a) Cash purchases (b) Credit purchases of goods (c) Purchase of fixed assets (d)…
MCQ’s on Indian Contract Act
MCQ’s on Indian Contract Act, 1872 are classified under following chapters. Please click links to directly jump to such chapters. Nature of Contracts (100 MCQ’s)…
MCQ’s on Trial Balance – Solutions
1. Which of the following is the main purpose of preparing a trial balance?(A) To ensure all financial statements are prepared.(B) To check the accuracy…