MBA/MBA Accounting MCQ Question Set 9 Sample Test,Sample questions

Question:
A bank pass book is a copy of ________

1.the cash column of a customers cash book

2.the bank column of a customers cash book

3.the customers account in the banks ledger

4.the customer account in the suppliers ledger


Question:
A bill drawn and accepted for providing funds to a friend in need is known as _______

1.Cheque.

2.promissory note.

3.accommodation bill.

4.demand bill.


Question:
A Cheque received and deposited in the bank on the same day is recorded in the _______

1.cash column of the cash book

2.bank column of the cash book

3.credited in the cash book

4.debited in the cash book


Question:
A credit sale of goods to Shiva should be debited to _______

1.Sales account

2.Goods account

3.Shiva account

4.Purchase account


Question:
A debit balance in the income and expenditure account denotes excess of ____ over______.

1.income, expenditure

2.assets, liabilities

3.liabilities, assets

4.expenditure, income


Question:
A person who draws a bill of exchange is known as the _____

1.Drawee.

2.Drawer.

3.Payer.

4.Payee.


Question:
Account current is a journal:

1.True

2.False

3.Partly true

4.Partly false


Question:
Any donation received for a specific purpose is a _________

1.Liability

2.Assets

3.revenue receipt

4.capital receipts


Question:
Any expenditure incurred in order to reduce the operating expenses is _____

1.capital expenditure

2.revenue expenditure

3.deferred revenue expenditure

4.promotional expenditure


Question:
Any written document in support of a business transaction is called a ________

1.Voucher

2.Bill

3.Carbon copy

4.Expense bill


Question:
Balance sheet is a _______

1.statement

2.Account

3.Ledger

4.Book


Question:
Bank account is _______

1.Nominal account

2.Real account

3.Personal account

4.none of these above


Question:
Bills are drawn by ______

1.Creditors

2.Debtors

3.Agent

4.Brokers


Question:
Bills Receivable book is to keep record of _______

1.a. bills received from customers

2.a. bills received from supplier

3.a. credit purchases

4.a. credit sales


Question:
Book-keeping is mainly concerned with __________

1.recording of financial data relating to business operations

2.designing the system in recording, classifying, summarizing the recorded data

3.interpreting the data for internal and external end users

4.only for internal purposes


Question:
Capital=

1.Asset - Liabilitie

2.Asset

3.Liabilities

4.All the abov


Question:
Cash book prepared on imprest system is ________

1.two column cash book

2.cash book

3.petty cash book

4.purchase book


Question:
Depreciation deducted from the concerned _______

1.Liability

2.Asset

3.Expenses

4.Incomes


Question:
Errors which affect one account can be _______

1.errors of omission

2.errors of principle

3.errors of posting

4.error of commission


Question:
Excess of income over expenditure in shown on the ______________ side of income and expenditure account.

1.Credit

2.Debit

3.Upper

4.Lower


Question:
Expenditure incurred on research is an example of _______

1.capital expenditure

2.revenue expenditure

3.deferred revenue expenditure

4.partly capital expenditure


Question:
Goods destroyed by fire should be credited to _______

1.Purchases account

2.Sales account

3.Loss of goods by fire account

4.Insurance account


Question:
Heavy advertising to launch a new product is a _______

1.capital expenditure

2.deferred revenue expenditure

3.other expenditure

4.revenue expendture


Question:
In triple column cash book, cash withdrawn from bank for office use will appear in ______

1.debit side of the cash book only

2.both sides of the cash book

3.credit side of the cash book only

4.credit side of the bank account


Question:
Income and expenditure account reveals ________

1.cash in hand

2.surplus or deficiency

3.capital account

4.a. revenue account


Question:
Interest on drawings is ______

1.expenditure for the business

2.expense for the business

3.gain for the business

4.loss for the business


Question:
Ledger is a book of ______________empor

1.original entry

2.final entry

3.all cash entry

4.all credit entry


Question:
Ledger is also called ________

1.principal book of accounts

2.cash book

3.subsidiary books

4.petty cash book.


Question:
Purchase of machinery is recorded in _______

1.sales book

2.journal proper

3.purchases book

4.sales returns book


Question:
Purchase of Typewriter would result in ______________ of fund.

1.Change

2.application

3.Service

4.no flow


Question:
Revenue receipts are ______________ in the business.

1.non-recurring

2.Recurring

3.Accumulating

4.non-accumulating


Question:
Rs. 500 spent on servicing office typewriter should be debited to _________

1.Miscellaneous expenses account

2.Typewriter account

3.Repairs account

4.Services account


Question:
Specific donations received by a non-trading concern are usually ______

1.revenue receipt

2.capital receipt

3.capital expenditure

4.revenue expenditure


Question:
Subscription received in advance is _______

1.an income

2.an asset

3.a liability

4.an expense


Question:
Subscriptions received in advance will figure in the _________

1.balance sheet

2.receipts and payment account

3.income and expenditure account

4.revenue account


Question:
The appropriate book to record credit purchase of machinery is _______

1.purchases book

2.journal

3.cash book

4.petty cash book


Question:
The balance of cash account indicates __________

1.net income for the period

2.net loss for the period

3.net cash on hand

4.net worth of the business


Question:
The basic function of financial accounting is to ______

1.record all business transactions

2.interpret the financial data

3.assist the management in performing functions effectively

4.information to management


Question:
The holder of a bill who endorses it is called

1.Endorse

2.Endorse

3.Accepto

4.Paye


Question:
The method of account current usually employed by the banker is known as _______

1.Daily balance method

2.Red ink interest

3.Current account

4.Product method


Question:
The receipts and payments account begins with ________

1.debit balance

2.credit balance

3.no balance

4.normal balance


Question:
Wages paid for erection of machinery are debited to _______

1.Wages account

2.Machinery account

3.Profit and loss account

4.Deferred wages account


Question:
When a bill is discharged, the acceptor debits ____

1.Creditors account

2.Cash account

3.Bills payable account

4.Bills receivable account


Question:
Which account is generally used for rectification of errors?

1.Memorandum account

2.Suspense account

3.Rectification account

4.Adjustment account


Question:
Which of the following is related to nominal account?

1.Bank account

2.Commission account

3.Furniture account

4.Interest received account


Question:
Which of the following items should not be entered in receipts and payments account of a club?

1.Sale of old newspaper

2.Loss on sale of old furniture

3.Subscriptions received in advance

4.Expenses for previous year


Question:
Which one of the following is an example of personal account?

1.Capital account

2.Building account

3.Cash account

4.Investment account


Question:
Which one the following is an example of an intangible asset?

1.Preliminary expenses

2.Discount on issue of debentures

3.Investments

4.Copyrights


Question:
While discounting the bill, debit should be given to ______

1.bank account

2.bill receivable account

3.acceptors account

4.cash account


Question:
________ is given to promote sales.

1.Cash discount

2.Trade discount

3.Quantity discount

4.Price discount


More MCQS

  1. MBA Accounting MCQ Question Set 1
  2. MBA Accounting MCQ Question Set 2
  3. MBA Accounting MCQ Question Set 3
  4. MBA Accounting MCQ Question Set 4
  5. MBA Accounting MCQ Question Set 5
  6. MBA Accounting MCQ Question Set 6
  7. MBA Accounting MCQ Question Set 7
  8. MBA Accounting MCQ Question Set 8
  9. MBA Accounting MCQ Question Set 9
  10. MBA Accounting MCQ Question Set 10
  11. MBA Advertising and Sales Promotion Mcq Set 1
  12. MBA Advertising and Sales Promotion Mcq Set 2
  13. MBA Advertising and Sales Promotion Mcq Set 3
  14. MBA Advertising and Sales Promotion Mcq Set 4
  15. MBA Advertising and Sales Promotion Mcq Set 5
  16. MBA Advertising and Sales Promotion Mcq Set 6
  17. MBA Advertising and Sales Promotion Mcq Set 7
  18. MBA Advertising and Sales Promotion Mcq Set 8
  19. MBA Advertising and Sales Promotion Mcq Set 9
  20. MBA Advertising and Sales Promotion Mcq Set 10
  21. MBA Advertising and Sales Promotion Mcq Set 11
  22. MBA Advertising and Sales Promotion Mcq Set 12
  23. MBA Advertising and Sales Promotion Mcq Set 13
  24. MBA Behavioural and Allied Sciences MCQ Set 1
  25. MBA Behavioural and Allied Sciences MCQ Set 2
  26. MBA Behavioural and Allied Sciences MCQ Set 3
  27. MBA Behavioural and Allied Sciences MCQ Set 4
  28. MBA Behavioural and Allied Sciences MCQ Set 5
  29. MBA Behavioural and Allied Sciences MCQ Set 6
  30. MBA Behavioural and Allied Sciences MCQ Set 7
  31. MBA Behavioural and Allied Sciences MCQ Set 8
  32. MBA Behavioural and Allied Sciences MCQ Set 9
  33. MBA Behavioural and Allied Sciences MCQ Set 10
  34. MBA Brand Management MCQ Set 1
  35. MBA Brand Management MCQ Set 2
  36. MBA Brand Management MCQ Set 3
  37. MBA Brand Management MCQ Set 4
  38. MBA Brand Management MCQ Set 5
  39. MBA Business Communication MCQ Set 1
  40. MBA Business Communication MCQ Set 2
  41. MBA Business Communication MCQ Set 3
  42. MBA Business Communication MCQ Set 4
  43. MBA Business Communication MCQ Set 5
  44. MBA Business Communication MCQ Set 6
  45. MBA Business Communication MCQ Set 7
  46. MBA Business Communication MCQ Set 8
  47. MBA Business Communication MCQ Set 9
  48. MBA Brand Management MCQ Set 10
  49. MBA Brand Management MCQ Set 11
  50. MBA Business Economics MCQ Set 1
  51. MBA Business Economics MCQ Set 2
  52. MBA Business Economics MCQ Set 3
  53. MBA Business Economics MCQ Set 4
  54. MBA Business Economics MCQ Set 5
  55. MBA Business Economics MCQ Set 6
  56. MBA Business Environment MCQ Set 1
  57. MBA Business Environment MCQ Set 2
  58. MBA Business Environment MCQ Set 3
  59. MBA Business Environment MCQ Set 4
  60. MBA Business Environment MCQ Set 5
  61. MBA Business Environment MCQ Set 6
  62. MBA Business Environment MCQ Set 7
  63. MBA Business Environment MCQ Set 8
  64. MBA Business Environment MCQ Set 9
  65. MBA Business Ethics and Governance MCQ Set 1
  66. MBA Business Law Mcq Set 1
  67. MBA Business Law Mcq Set 2
  68. MBA Business Law Mcq Set 3
  69. MBA Business Law Mcq Set 4
  70. MBA Business Law Mcq Set 5
  71. MBA Business Law Mcq Set 6
  72. MBA Business Law Mcq Set 7
  73. MBA Business Law Mcq Set 8
  74. MBA Business Law Mcq Set 9
  75. MBA Business Mathematics Mcq Set 1
  76. MBA Business Mathematics Mcq Set 2
  77. MBA Business Mathematics Mcq Set 3
  78. MBA Business Mathematics Mcq Set 4
  79. MBA Business Mathematics Mcq Set 5
  80. MBA Business Mathematics Mcq Set 6
  81. MBA Business Statistics Mcq Set 1
  82. MBA Business Statistics Mcq Set 2
  83. MBA Computers In Management Mcq Set 1
  84. MBA Computers In Management Mcq Set 2
  85. MBA Computers In Management Mcq Set 3
  86. MBA Computers In Management Mcq Set 4
  87. MAB Cost and Managerial Accounting Mcq Set 1
  88. MBA Cost and Managerial Accounting Mcq Set 1
  89. MBA Cost and Managerial Accounting Mcq Set 2
  90. MBA Cost and Managerial Accounting Mcq Set 3
  91. MBA Cost and Managerial Accounting Mcq Set 4
  92. MBA Cost and Managerial Accounting Mcq Set 5
  93. MBA Cost and Managerial Accounting Mcq Set 6
  94. MBA Cost and Managerial Accounting Mcq Set 7
  95. MBA Cost and Managerial Accounting Mcq Set 8
  96. MBA Cost and Managerial Accounting Mcq Set 9
  97. MBA Cost and Managerial Accounting Mcq Set 10
  98. MBA Cost and Managerial Accounting Mcq Set 11
  99. MBA E-Business MCQ Set 1
  100. MBA E-Business MCQ Set 2
  101. MBA E-Business MCQ Set 3
  102. MBA E-Business MCQ Set 4
  103. MBA English Language MCQ Set 1
  104. MBA English Language MCQ Set 2
  105. MBA Entrepreneurship Management MCQ Set 1
  106. MBA Entrepreneurship Management MCQ Set 2
  107. MBA Entrepreneurship Management MCQ Set 3
  108. MBA Entrepreneurship Management MCQ Set 4
  109. MBA Entrepreneurship Management MCQ Set 5
  110. MBA Entrepreneurship Management MCQ Set 6
  111. MBA Financial Management MCQ Set 1
  112. MBA Financial Management MCQ Set 2
  113. MBA Financial Management MCQ Set 3
  114. MBA Financial Management MCQ Set 4
  115. MBA Financial Management MCQ Set 5
  116. MBA Financial Management MCQ Set 6
  117. MBA Financial Management MCQ Set 7
  118. MBA Financial Management MCQ Set 8
  119. MBA Financial Management MCQ Set 9
  120. MBA Financial Management MCQ Set 10
  121. MBA Financial Management MCQ Set 11
  122. MBA Financial Management MCQ Set 12
  123. MBA Human Resource Management Mcq Set 1
  124. MBA Human Resource Management Mcq Set 2
  125. MBA Human Resource Management Mcq Set 3
  126. MBA Human Resource Management Mcq Set 4
  127. MBA Human Resource Management Mcq Set 5
  128. MBA Human Resource Management Mcq Set 6
  129. MBA Human Resource Management Mcq Set 7
  130. MBA Human Resource Management Mcq Set 8
  131. MBA Insurance and Risk Management Mcq Set 1
  132. MBA Insurance and Risk Management Mcq Set 2
  133. MBA Insurance and Risk Management Mcq Set 3
  134. MBA Insurance and Risk Management Mcq Set 4
  135. MBA Insurance and Risk Management Mcq Set 5
  136. MBA Insurance and Risk Management Mcq Set 6
  137. MBA Management Information Systems Mcq Set 1
  138. MBA Management Information Systems Mcq Set 2
  139. MBA Management Information Systems Mcq Set 3
  140. MBA Management Information Systems Mcq Set 4
  141. MBA Management Information Systems Mcq Set 5
  142. MBA Management Information Systems Mcq Set 6
  143. MBA Management Information Systems Mcq Set 7
  144. MBA Management Information Systems Mcq Set 8
  145. MBA Management Information Systems Mcq Set 9
  146. MBA Marketing Management Mcq Set 1
  147. MBA Marketing Management Mcq Set 2
  148. MBA Marketing Management Mcq Set 3
  149. MBA Marketing Management Mcq Set 4
  150. MBA Marketing Management Mcq Set 5
  151. MBA Marketing Management Mcq Set 6
  152. MBA Marketing Management Mcq Set 7
  153. MBA Marketing Management Mcq Set 8
  154. MBA Marketing Management Mcq Set 9
  155. MBA Marketing Management Mcq Set 10
  156. MBA Marketing Management Mcq Set 11
  157. MBA Marketing Management Mcq Set 12
  158. MBA Marketing Management Mcq Set 13
  159. MBA Media Planning Mcq Set 1
  160. MBA Media Planning Mcq Set 2
  161. MBA Media Planning Mcq Set 3
  162. MBA Media Planning Mcq Set 4
  163. MBA Operations Research Mcq Set 1
  164. MBA Operations Research Mcq Set 2
  165. MBA Operations Research Mcq Set 3
  166. MBA Operations Research Mcq Set 4
  167. MBA Operations Research Mcq Set 5
  168. MBA Organisational Behavior Mcq Set 1
  169. MBA Organisational Behavior Mcq Set 2
  170. MBA Organisational Behavior Mcq Set 3
  171. MBA Organisational Behavior Mcq Set 4
  172. MBA Principles and Practices of Management Mcq Set 1
  173. MBA Principles and Practices of Management Mcq Set 2
  174. MBA Principles and Practices of Management Mcq Set 3
  175. MBA Principles and Practices of Management Mcq Set 4
  176. MBA Principles and Practices of Management Mcq Set 5
  177. MBA Principles and Practices of Management Mcq Set 6
  178. MBA Principles and Practices of Management Mcq Set 7
  179. MBA Principles and Practices of Management Mcq Set 8
  180. MBA Principles and Practices of Management Mcq Set 9
  181. MBA Production and Operations Management Mcq Set 1
  182. MBA Production and Operations Management Mcq Set 2
  183. MBA Production and Operations Management Mcq Set 3
  184. MBA Production and Operations Management Mcq Set 4
  185. MBA Production and Operations Management Mcq Set 5
  186. MBA Production and Operations Management Mcq Set 6
  187. MBA Production and Operations Management Mcq Set 7
  188. MBA Production and Operations Management Mcq Set 8
  189. MBA Production and Operations Management Mcq Set 9
  190. MBA Production and Operations Management Mcq Set 10
  191. MBA System Analysis and Design Mcq Set 1
  192. MBA System Analysis and Design Mcq Set 2
  193. MBA System Analysis and Design Mcq Set 3
  194. MBA System Analysis and Design Mcq Set 4
  195. MBA System Analysis and Design Mcq Set 5
  196. MBA System Analysis and Design Mcq Set 6
  197. MBA System Analysis and Design Mcq Set 7
  198. MBA System Analysis and Design Mcq Set 8
  199. MBA System Analysis and Design Mcq Set 9
  200. MBA Total Quality Management Mcq Set 1
  201. MBA Total Quality Management Mcq Set 2
  202. MBA Total Quality Management Mcq Set 3
  203. MBA Total Quality Management Mcq Set 4
  204. MBA Total Quality Management Mcq Set 5
  205. MBA Total Quality Management Mcq Set 6
  206. MBA Total Quality Management Mcq Set 7
  207. MBA Total Quality Management Mcq Set 8
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