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Accounting MCQ Questions and Solutions with Explanations | Commerce

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-2 section-26

Each section contains 100 MCQs on Accounting .
11
The rate of discount on issue of shares should not exceed . . . . . . . . % of the nominal value of shares.
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
12
Which of the following items should be entered in the receipts and payments account of a club?
I. Sale of old newspapers
II. Loss on sale of some asset
III. Payments for investment
Select the correct answer using the options given below
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
13
Which of the following are performing assets?
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Answer & Solution
Answer: Option B
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14
The . . . . . . . . in a ledger helps in locating the accounts contained in it.
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Answer & Solution
Answer: Option A
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15
Accounts receivable includes . . . . . . . .
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Answer & Solution
Answer: Option D
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16
Interest on drawings is:
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Answer & Solution
Answer: Option C
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17
. . . . . . . . is a document prepared by the company before the issue of prospectus to the public for subscription of debentures.
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Answer & Solution
Answer: Option B
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18
An asset is never reduced to zero in the:
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Answer & Solution
Answer: Option B
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19
An expenditure is treated as capital nature, when:
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Answer & Solution
Answer: Option B
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20
If a companies tangible networth is a positive amount, it indicates:
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Answer & Solution
Answer: Option C
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