Set 3 MCQ Questions and Answers

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11) Which of the following is not a disadvantage of introducing computerized accounting system

12) Transfer from main cash to petty cash you require to pass__________

13) Income tax number of the company will appear in which report

14) Patent account falls under

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15) Drawings account is to be created by linking with

16) Transactions are firstly entered in:

17) A trial balance is prepared

18) Capital is treated as liability because of

19) ______ are the liabilities which are payable after a long period

20) ______ is an example for long term liabilities

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