accounting
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accounting questions with answers

2,134 multiple-choice questions. Open any question for its answer and explanation.

  1. The charter of a company which defines the limitations and powers of the company is called
  2. Merchandise on hand at either the beginning or end of the accounting period is called
  3. Which of the following capital is taken up by the general public?
  4. Which of the following items of balance sheet are useful in evaluating a company's liquidity?
  5. Which of the following can be distributed among the shareholders?
  6. Shares for which amount is paid by public are called ____ shares
  7. Which of the following is non-profit organization?
  8. Commercial accounting is based on
  9. An asset that is NOT physical in nature is called
  10. In which of the following interim dividend is treated?
  11. Which of the following documents contains rules and regulations for internal management of the business?
  12. Which of the following is NOT a cash inflow?
  13. Which of the following is quoted company?
  14. Which of the following capital is required for the registration of the company?
  15. Accounts receivable & inventory are the examples of
  16. Which of the following account will be credited in the books of XYZ Co. Ltd, if the business purchases a vehicle thriugh cheque?
  17. In which of the following condition, a company will have positive working capital?
  18. Debenture is also named as
  19. Which of the following is the most important document of the company?
  20. Authorized share capital is also known as
  21. The maximum amount with which a company is registered is called
  22. Which one of the following is NOT true about revenue expenditure?
  23. Which one of the following statement is CORRECT about long term liabilities?
  24. Which one of the following can offer its share to public at large?
  25. The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called