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Online Tests
Accounting Test Hard Mode MCQs With Answers
Question # 1
Goods returned to supplier should be credited to:
Choose an answer
Supplier A/c
Purchase return A/c
Sales return A/c
Purchases A/c
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Question # 2
The amount of salaries paid to javed should be credited to
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Javed A/c
Cash A/c
Salaries A/c
None of these
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Question # 3
Accounting is the language of
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Govt
Trade
Business
Commerce
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Question # 4
Pass book is prepared in the book of
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Bank
Guarantor
Customer
None of these
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Question # 5
Bad debts are shown in the
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Trading A/c
None of these
Profit & Loss A/c
Both first
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Question # 6
Which of these is a fixed asset:
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Cash
Plant
Stock
Prepaid expenses
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Question # 7
Debit balance of cash book is also called
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Unfavourable balance
Favourable balance
Negative balance
Both un favourable and favourable balance
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Question # 8
Petty cash book is a branch of
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Pass book
Journal
Cash book
Ledger
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Question # 9
The process of recording business transactions in the journal is called
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Posting
Classifying
Journalising
Entry
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Question # 10
Outstanding expenses are also known as
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Prepared expenses
Accrued expenses
Un-earned income
None
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Question # 11
The cost of holding the stock in storage is called
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Ordering cost
Material cost
Caring cost
All of the above
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Question # 12
The primary object of non-profit organizations is
Choose an answer
Not to earn profit
Work for the welfare of society
Buy/sell goods
A and B but not C
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Question # 13
If spoiled good are considered as abnormal part of production process then debited to
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Work in process
General expense
F-o-H control
None of above
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Question # 14
Which one is not a functional classification?
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Manufacturing cost
Marketing cost
Finance cost
Mixed cost
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Question # 15
If applied factory overhead is less than actual factory overhead, it is called
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Applied F.o.H
Over applied F.o.H
Under-applied F.o.H
None of above
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Question # 16
Which one is not include in factory overhead?
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Power hear & light
Indirect labour cost
Depreciation of plant
Salary of accountant
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Question # 17
Good received note is prepared by
Choose an answer
Purchase department
Sales department
Receiving department
All of the above
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Question # 18
In operating expense includes
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Marketing expense
Admin expense
Selling expense
All of the above
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