Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Date

B. Month

C. 6 months

D. Year

A. Only cash sales of goods

B. Only sale of assets

C. Only credit sales of goods

D. All sales

A. Both A and R are true, and R is the correct explanation of A

B. Both A and R are true, and R is not the correct explanation of A

C. A is true, but R is false

D. A is false but R is true

A. 5 months

B. 5.5 months

C. 6 months

D. 6.5 months

A. When goods are purchased on credit

B. When goods are purchased on cash

C. When goods are sold

D. When goods are taken by proprietor for personal use

A. a-4, b-3, c-2, d-1

B. a-2, b-4, c-1, d-3

C. a-4, b-2, c-1, d-3

D. a-4, b-1, c-2, d-3

A. Debit

B. Credit

C. Debit or Credit

D. All of the above

A. India

B. Italy

C. England

D. None of the above

A. $${\text{A}} = \frac{1}{2}:{\text{B}} = \frac{1}{2}$$

B. $${\text{A}} = \frac{3}{5}:{\text{B}} = \frac{2}{5}$$

C. $${\text{A}} = \frac{2}{5}:{\text{B}} = \frac{3}{5}$$

D. $${\text{A}} = \frac{1}{3}:{\text{B}} = \frac{2}{3}$$

A. Capital expenditures

B. Revenue expenditures

C. Deferred Revenue expenditures

D. None of the above