Accounting MCQs — Test 10
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Question 1
Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:
Question 2
Goods in stock worth 800 are destroyed by fire and the Insurance Co. is accepted the claim for 600. Adjustment would involve
Question 3
Prepaid expenses are valued on the Balance Sheet at
Question 4
Which of the following relationships is/are false?
Question 5
Gross Profit is equal to_________?
Question 6
Which of the following shall not be deducted from net profit while calculating managerial remuneration?
Question 7
Which of the following is not true with regard to preparation of Profit & Loss Account?
Question 8
The Profit and Loss Account shows the:
Question 9
Which of the following will not appear in Profit and Loss Account of a business?
Question 10
Which of the following is not a financial statement?