Accounting MCQ Questions and Solutions with Explanations

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

31.
No journal entry is required to be passed when there is

A. Loss by theft

B. Normal loss

C. Loss of bad debts

D. Abnormal loss of business

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32.
There must be a gap of at least ___ month between two calls

A. 3

B. 1

C. 6

D. 2

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33.
Difference of total of debit and credit side of the trial balance is transferred to

A. Suspense A/c

B. Difference A/c

C. P & L A/c

D. Trading A/c

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34.
Municipal tax Rs.6000 under dispute is a

A. Contingent liability

B. Revenue expenditure

C. Current liability

D. Current asset

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35.
Joint venture account is a

A. Nominal account

B. Personal account

C. Real account

D. Dummy account

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Accounting MCQ Questions and Solutions with Explanations | Commerce

31. No journal entry is required to be passed when there is

Answer & Solution

32. There must be a gap of at least ___ month between two calls

Answer & Solution

33. Difference of total of debit and credit side of the trial balance is transferred to

Answer & Solution

34. Municipal tax Rs.6000 under dispute is a

Answer & Solution

35. Joint venture account is a

Answer & Solution

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31.
No journal entry is required to be passed when there is

32.
There must be a gap of at least ___ month between two calls

33.
Difference of total of debit and credit side of the trial balance is transferred to

34.
Municipal tax Rs.6000 under dispute is a

35.
Joint venture account is a