Set 4 MCQ Questions and Answers

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Accounting MCQ Questions and Answers [with Pdf]: Here learn accounting objective questions and answers with pdf and test online exam.

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1) What type of expenses are paid out of Gross Profit?

2) Which of the following is NOT an example of intangible assets?

3) Which of the following is an example of business liability?

4) The unfavorable balance of Profit and Loss account should be

5) Which of the following account will be credited, if business bought goods on credit from Mr. Z?

6) Interest on loan paid by business is an example of

7) Which of the following account will be credited when a typewriter is sold that has been used in the office?

8) The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as

9) Which of the following item will be shown on debit side of debtors account?

10) When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called