Accounting MCQs
Practice free Accounting multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 3354 questions — no login required.
Question 217hard
Which of the following account will be credited when a typewriter is sold that has been used in the office?
Question 218hard
The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as
Question 219hard
Which of the following item will be shown on debit side of debtors account?
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Question 220hard
When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called
Question 221hard
Which of the following would NOT be considered as a component of 'cost' of stock?
Question 222hard
Which of the following is TRUE about the treatment of insurance premium paid in advance
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Question 223hard
Which of the following is (are) type(s) of Public Limited Companies?
Question 224hard
The charter of a company which defines the limitations and powers of the company is called
Question 225hard
Merchandise on hand at either the beginning or end of the accounting period is called