Accounting MCQs
Accounting MCQs help students and professionals master financial, cost, and managerial accounting, covering topics like journal entries, financial statements, and ratios—ideal for certifications, competitive exams, and business studies to boost skills and exam performance.
Q: Bank reconciliation statement matches company records with
A) Sales register
B) Trial balance
C) Purchase ledger
D) Bank statement
Q: Goods withdrawn by owner for personal use are treated as
A) Drawings
B) Asset
C) Income
D) Reserve
Q: Primary objective of financial accounting is to
A) Provide financial information
B) Reduce taxes
C) Conduct audits
D) Record employee data
Q: Indirect expenses appear on which financial statement
A) Trial balance
B) Cash flow statement
C) Balance sheet
D) Profit and loss account
Q: Loss due to theft is recorded under which head
A) Income
B) Asset
C) Expense
D) Liability