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 397hard
Narrations are given at the end of
Question 398hard
The basic consideration(s) in distinction between capital and revenue expenditure is/are
Question 399hard
"Treating a revenue expenditure as a capital expenditure" is an example of
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Question 400hard
If an effect of an error is cancelled by the effect of some other error, it is commonly known as
Question 401hard
Which of the following is not a transaction?
Question 402hard
A promissory note is drawn by ______ in favor of _____
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Question 403medium
____ principle requires that the same accounting method should be used from one accounting period to the next
Question 404hard
The left side of an account is known as ___ and the right side as ____
Question 405hard
The cost of a small calculator is treated as an expense and not shown as an asset in a financial statement of a business entity due to