Wednesday , September 29 2021

Double Entry Book-Keeping MCQs with Answers Part-3

Double Entry Book-Keeping MCQs with Answers Part-3

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 # 3 “
  • 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.
  • Please wait for a little to load the Quiz

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Debit – Depreciation Building - $2500.00 Credit – provision for Depreciation Building - $2500.00

Correct! Wrong!

Customer sent the goods back to the company. So where the proper account to debit them…?

Correct! Wrong!

Debit – rent prepaid - $500.00 Credit – rent - $500.00

Correct! Wrong!

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Beginning Inventory , the normal status would be :

Correct! Wrong!

Provision for doubtful debts is a :

Correct! Wrong!

Example for long term liability is :

Correct! Wrong!

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Debit – Checking - $250.00 Credit – Accounts Receivable - $250.00

Correct! Wrong!

Income , the normal status would be :

Correct! Wrong!

Ending Inventory , the normal status would be :

Correct! Wrong!

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Debit – Accounts Receivable - $202.69 Credit - Sales Tax Payable - $7.69 Credit - Income - $195.00

Correct! Wrong!

Select administrative expenses:

Correct! Wrong!

Debit – Accounts Receivable or Returned Checks Receivable - $ 37.0 Credit – Checking - $ 37.00

Correct! Wrong!

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Select false statement :

Correct! Wrong!

Bank Overdraft , the normal status would be :

Correct! Wrong!

The donations paid are :

Correct! Wrong!

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When purchase return to supplier, (not accrual basis) the:

Correct! Wrong!

Net Income , the normal status would be :

Correct! Wrong!

Liability , the normal status would be :

Correct! Wrong!

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Transaction is completely left out from the account :

Correct! Wrong!

Debit – Fixed Assets - $450.00 Credit – Checking - $450.00

Correct! Wrong!

Expense , the normal status would be :

Correct! Wrong!

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Net Loss , the normal status would be :

Correct! Wrong!

Debit – Bad Debts - $5000.00 Credit – Mr. Salman- $5000.00

Correct! Wrong!

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For more Double Entry MCQs click the Followings

Double Entry Book-Keeping MCQs Part 1

Double Entry Book-Keeping MCQs Part 2

Double Entry Book-Keeping MCQs Part 3

MCQs related to Financial Accounting might be you interested in the following:



                         Cash Book MCQs

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