60:00
0/30 Attempted
Scoreboard
Attempted 0
Correct 0
Incorrect 0
Skipped 0
Total Score 0
Marks 0
Your Progress
Attempted 0
Correct 0
Incorrect 0
Skipped 0
Score 0
Marks 0

Accounting Mcqs — Test 8

Page 1 of 3

Review Skipped Questions

0
Question 1
Investment in own share A/c appears in____________?
Question 2
If a company has contingent liabilities, they appear in the__________?
Question 3
Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be?
Question 4
Which of the following is not classified as inventory in the financial statements?
Question 5
If actual bad debts are more than the provision for bad debts, then there will be a_____________?
Question 6
The creation of provision for doubtful debts given as an adjustment requires____________?
Question 7
Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true?
Question 8
At the time of preparation of financial accounts, bad debt recovered account will be transferred to?
Question 9
The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to?
Question 10
Period cost include which of the following ?