Search
.Management Sciences
Category: Accounting Mcqs
Net sales equals, sales minus:
0
A. Return outwords
B. Return inwards
C. cost of goods sold
D. carriage on sales
The standard format of journal does not include which of the following?
A. Assets column
B. Date column
C. Description column
D. Amount column
Closing stock appearing in the Trial Balance is shown in:
A. Trading A/c and Balance Sheet
B. Profit and Loss A/c
C. Balance Sheet only
D. Trading A/c only
Profit on sale of old plant is:___________?
A. In Trading A/c
B. In Profit and Loss Appropriation A/c
C. Profit and Loss A/c
D. Being a non operating item ignored
Which of the following is not depreciated?
A. Building
B. Land
C. Plant and Machinery
D. Office equipment
Which of the following is not an intangible asset?
A. Trade mark
B. Franchise
C. Accounts Receivable
D. Secret Profit
(more…)
Which column of a cash book will not have credit balance___________?
A. Bank column
B. Discount column
C. Cash column
D. None
Average Accounting Return is a measure of accounting profit relative to:
A. Book value
B. Intrinsic value
C. Cost
D. Market value
Which of these are not required in a promissory note?
A. Acceptance
B. Unconditional promise to pay
C. Properly stamped
D. Payment to be made legal currency
Recent Comments