Accounting Test Hard Mode With Answers

Accounting Test Hard Mode

Sr. # Questions Answers Choice
1 Noting charges are paid when bill is Honoured Discounted Dishonoured None of these
2 Balance sheet is a statement of Assets Both first Liabilities None of these
3 Unearned income is shown as Assets Expenses Liabilities Income
4 Carriage paid on goods purchased is a Direct expense Opening expense Indirect expense General expense
5 Freight paid on machinery purchased is a Revenue expenditure Capital expenditure Capital loss Revenue loss
Download This Set

Is this page helpful?