
Accounts mcq
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Akshith K.B
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61 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
What is the main purpose of preparing a bank reconciliation statement?
2.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Bank reconciliation statement compares a bank statement with _________.
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Unfavorable bank balances mean ______.
4.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
The main objective of depreciation is
5.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Depreciation is generated due to
6.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
_________ is a permanent decline in the value of an asset. The gradual decrease both in the value and usefulness
7.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Under this method depreciation is charged evenly every year throughout life of the asset
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