Accounting MCQ Questions and Solutions with Explanations

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

1.
Errors are _____ mistakes

A. Intentional

B. Undetected

C. Unintentional

D. None of the above

Answer & Solution Discuss in Board Save for Later

2.
Which error cannot be revealed on the preparation of trial balance?

A. Wrong totalling of account

B. Compensatory errors

C. Error of commission

D. Wrong balancing of an account

Answer & Solution Discuss in Board Save for Later

3.
Parties to a bill of exchange are

A. Drawer

B. Drawee

C. Payee

D. All of the above

Answer & Solution Discuss in Board Save for Later

4.
Accommodation bill is drawn

A. To finance actual purchase or sale of goods

B. To facilitate trade transmission

C. To cater the fund requirements of both the parties

D. None of the above

Answer & Solution Discuss in Board Save for Later

5.
Rs.5000 spent on maintenance of computer is

A. Deferred capital expenditure

B. Capital expenditure

C. Revenue expenditure

D. None of the above

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10 11 12 13

Accounting MCQ Questions and Solutions with Explanations | Commerce

1. Errors are _____ mistakes

Answer & Solution

2. Which error cannot be revealed on the preparation of trial balance?

Answer & Solution

3. Parties to a bill of exchange are

Answer & Solution

4. Accommodation bill is drawn

Answer & Solution

5. Rs.5000 spent on maintenance of computer is

Answer & Solution

Read More Section(Accounting)

1.
Errors are _____ mistakes

2.
Which error cannot be revealed on the preparation of trial balance?

3.
Parties to a bill of exchange are

4.
Accommodation bill is drawn

5.
Rs.5000 spent on maintenance of computer is