Accounting MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6

51.
Which of the following accounts can be classified as a real account?

A. Rent expenses account

B. Rent income account

C. Insurance expenses account

D. Cash account

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52.
Capital increases if ______ increases

A. Expenses are greater than income

B. Drawings

C. Interest on capital

D. Revenue

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53.
Capital of a business decreases if there is an increase in

A. Drawings

B. Income

C. Gains

D. Fresh capital

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54.
Net income equal to Revenues minus

A. Gains

B. Depreciation

C. Expenses

D. Capital expenditure

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55.
Payment of expenses will ______ the assets

A. Increase

B. Reduce

C. Apportion

D. Overstate

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Accounting MCQ Questions and Solutions with Explanations | Commerce

51. Which of the following accounts can be classified as a real account?

Answer & Solution

52. Capital increases if ______ increases

Answer & Solution

53. Capital of a business decreases if there is an increase in

Answer & Solution

54. Net income equal to Revenues minus

Answer & Solution

55. Payment of expenses will ______ the assets

Answer & Solution

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51.
Which of the following accounts can be classified as a real account?

52.
Capital increases if ______ increases

53.
Capital of a business decreases if there is an increase in

54.
Net income equal to Revenues minus

55.
Payment of expenses will ______ the assets