Wednesday , September 29 2021

Double Entry Book-Keeping MCQs with Answers Part-2

Double Entry Book-Keeping MCQs with Answers Part-2

All these MCQs are collected and gathered from different Books and different past papers and Books to help you to pass the WordPress Exam. You can also take quizzes related to SAP, SAP HANA, CA AFC students, Educators, NTS, FPSC, PPSC Exams, and different Computer and IT-related Tests. It is also beneficial for Accountant and Finance manager Posts covering IT-related test portions.




Double Entry Book-Keeping MCQs with Answers

  • This Quiz is related to Double Entry Book-Keeping ( Based on different books & past papers) – Quiz # 1 in this series
  • The Quiz based on the Topic, “Double Entry Book-Keeping ( Based on different books & past papers) – Quiz # 2 “
  • If you have a good understanding of the subject, then you can attempt it
  • There will be 10 Multiple Choice Questions (MCQs) in this test
  • Questions will be randomly changed every time you start this test
  • You should practice more and more to get high marks
  • You can retake this test as many times as you like
  • If you feel that any Incorrect Answer to a Question, simply Comment us about the Question.
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Gain on Sale of Asset is type of :

Correct! Wrong!

Sales is type of :

Correct! Wrong!

Dividends is type of : Note: You can choose 2 Answers

Please select 2 correct answers

Correct! Wrong!

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The __________ of accounts is a listing of the general ledger accounts in which amounts can be posted.

Correct! Wrong!

Assets =_________________ + Equity

Correct! Wrong!

Heavy pickup is type of :

Correct! Wrong!

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The chart of accounts has two broad types of accounts: balance sheet accounts and ______________ accounts.

Correct! Wrong!

Salaries is type of :

Correct! Wrong!

Computer Equipment is type of :

Correct! Wrong!

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Cost of Goods = Beginning Inventory + Purchases =

Correct! Wrong!

Invoices from vendors (suppliers) which are due in 30 days should be credited to Accounts ___________:

Correct! Wrong!

Gas / Oil is type of :

Correct! Wrong!

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Sales Tax Payable is type of :

Correct! Wrong!

Historically, the financial statements have been prepared by an ______________

Correct! Wrong!

Asset , the normal status would be :

Correct! Wrong!

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Cash in Checking is type of :

Correct! Wrong!

Income – Expenses=

Correct! Wrong!

Note Payable is type of :

Correct! Wrong!

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Retained Earnings is type of :

Correct! Wrong!

Common Stock is type of :

Correct! Wrong!

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