Set 1 MCQ Questions and Answers

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Accounting Multiple Choice Questions and Answers [Pdf Download]: Here learn introduction to financial accounting multiple choice questions and answers and download financial accounting mcqs with answers pdf.

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1) Accounting provides information on

2) The long term assets that have no physical existence but are rights that have value is known as

3) The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as

4) Patents, Copyrights and Trademarks are

5) The debts which are to be repaid within a short period (year or less) are known as

6) The sales income (Credit and Cash) of a business during a given period is called

7) Any return evidence in support of a business transaction is called

8) The account that records expenses, gains and losses is

9) In Journal, the business transaction is recorded

10) The following is (are) the type(s) of Journal