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: Carriage inward is considered as part of
A) Indirect income
B) Fixed asset
C) Operating income
D) Direct expense
Q: Sundry debtors represent the amount
A) Receivable from customers
B) Owed by suppliers
C) Payable to customers
D) Collected from banks
Q: Provision for doubtful debts is created to cover
A) Future profits
B) Loan repayments
C) Capital loss
D) Possible bad debts
Q: Trade discount is shown in which book
A) Profit and loss
B) Not recorded
C) Balance sheet
D) Ledger
Q: Goods purchased for cash are entered in
A) Purchase return book
B) Sales book
C) Journal proper
D) Cash book