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-4 section-30
On 1st January 1992 there was a balance of Rs. 4,000 in the plant and machinery account. An addition of Rs. 2,000 was made on 1st July 1992. Accounts were closed for the year on 31st December 1992. If depreciation was charged at 10% per annum, the balance in the plant and machinery account on the closing date would be:
Stock as on 5th January - Rs. 27,000; purchases between 31st December and 5th January - Rs. 700; cost of sales between 31st December and 5th January - Rs. 1,500 what was the stock on 31st December?
The payment side of the cash book is undercast by Rs. 200. When overdraft as per pass book is the starting point, to get the overdraft as per cash book . . . . . . . .
