Accounting MCQ Questions and Solutions with Explanations

Home

Competitive Exams MCQs

Aptitude English Verbal Reasoning Non Verbal Reasoning General Knowledge(GK) General Science(GS) Data Interpretation(DI) Banking Awareness Current Affairs

Computer Fundatmental MCQs

Computer Fundamentals Microsoft Word Microsoft Excel MS Power Point Tally Operating System Python AI(Artificial Intelligence)

Engineering Subjects MCQs

Computer Science Electronics & Communication Mechanical Engineering Civil Engineering Electrical Engineering

More Engineering MCQs

Chemical Engineering Automobile Engineering Biotechnology Mining Engineering Geological Engineering Metallurgical Engineering

Engineering Core

Engineering Mathematics Engineering Physics Engineering Chemistry

Computer Fundamentals MCQs

Computer Fundamentals Microsoft Word Microsoft Excel MS Power Point Tally Operating System Networking Database SQL MySQL

Programming MCQs

C Programming C++ Programming Java Python PHP JavaScript

Advanced Programming MCQs

Artificial Intelligence Machine Learning Data Science Cloud Computing Hadoop IoT

Graduation & PG

Commerce Management Law Agriculture Sociology Psychology Home Science Mass Communication Political Science Psychology

Resources

Current Affairs Interview Blog

Exam Categories

SSC Exams Railway Exams All Exams

SSC Exams

SSC CGL SSC CHSL SSC MTS SSC CPO SSC GD SSC JHT SSC Selection Post SSC Stenographer SSC JE

Railway Exams

RRB ALP RRB Technician RRB Section Controller RRB JE RRB Paramedical RRB Group D

Popular Exams

SSC CGL SSC CHSL SSC MTS RRB NTPC (Graduate) RRB Group D RRB ALP RRB Technician RRB Section Controller

Accounting MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Accounting MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-22

Each section contains 100 MCQs on Accounting .

Section 1
Section 2
Section 3
Section 4
Section 5
Section 6
Section 7
Section 8
Section 9
Section 10
Section 11
Section 12
Section 13
Section 14
Section 15
Section 16
Section 17
Section 18
Section 19
Section 20
Section 21
Section 22
Section 23
Section 24
Section 25
Section 26
Section 27
Section 28
Section 29
Section 30

For allocation of income and expenses, the date of . . . . . . . . is not considered.

A) take over B) commencement C) year end D) all of these

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Subscriptions outstanding from the members of a club are shown on the:

A) Liability side of the Balance Sheet B) Assets side of the Balance Sheet C) Debit side of the Income and Expenditure Account D) Payment side of Receipt and Payment Account

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Preference shares can be reduced out of:

A) Profits available for dividend B) Proceeds of a fresh issue of shares C) Both A and B D) Capital profits

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following statement is true?

A) Minor cannot be admitted as a partner B) Minor can be admitted as a partner only into the benefits of the partnership C) Minor can be admitted as a partner, but his rights and liabilities are the same as the adult partner D) None of the above

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Which of the following ratios is a Primary Ratio:

A) Current Ratio B) Return on Investment (ROI) C) Debt-Equity Ratio D) Inventory-Turnover Ratio

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Generally, . . . . . . . . method is used for preparation of trial balance

A) Total method B) Balance method C) Total and balance method D) None of the above

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Under which of the following methods the asset is shown at original cost throughout its life:

A) Straight line B) Diminishing balance C) Depreciation fund D) None of these

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Cash flow statement is prepared by-

A) Balance sheet B) Profit and loss account C) Additional informations D) All of these

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

When debentures are issued as security against a loan then such as issue of debentures is called:

A) Secured B) Partly secured C) Collateral security D) Bilateral security

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

100

Assets very easily convertible into cash are:

A) Current assets B) Fixed assets C) Fictitious assets D) Liquid assets

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

1 2 3 4 5 6 7 8 9 10

Accounting MCQ Questions and Solutions with Explanations | Commerce