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: Revenue from selling goods is termed as
A) Deferred revenue
B) Recurring expense
C) Operating income
D) Capital income
Q: Real accounts are related to
A) Assets and properties
B) Expenses and losses
C) Creditors only
D) Incomes and gains
Q: Nominal accounts include items such as
A) Bank and cash
B) Equipment and land
C) Debtors and creditors
D) Income and expenses
Q: Contra entries occur in
A) Purchase book
B) Journal proper
C) Sales book
D) Cash book
Q: Fixed deposits held in a bank are classified as
A) Fixed liabilities
B) Long-term investments
C) Reserves
D) Current assets