accounting questions with answers
2,134 multiple-choice questions. Open any question for its answer and explanation.
- Which of the following enhances the earning capacity of an asset?
- Gross profit is equal to
- Which of the following is a long term liability?
- Drawing is a type of
- Profit is a part of
- Petty cash is used for payment of
- Promissory note is prepared by
- Which reserve is not shown in the Balance sheet?
- Which liability is not included in the total of Balance Sheet?
- Revenue expenditures are recorded in the
- In case of opening Credit Balance, the word ______ are written on the credit side.
- Preliminary expenses are treated as
- A company cannot issue redeemable preference shares for a period exceeding
- The following error will affect the Trial Balance
- Income includes
- Cash Account is
- Heavy amount spent for the advertisement of new company product is
- Liability for bill discounted is a
- Interest on debentures is calculated on
- The parties to joint venture are called
- Under diminishing balance method, depreciation
- Legal expenses incurred on a suit for breach of contract to supply goods is a
- No journal entry is required to be passed when there is
- There must be a gap of at least ___ month between two calls
- Difference of total of debit and credit side of the trial balance is transferred to
