
Accounting MCQs
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Nomfundo Shabalala
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All the transactions measurable in the terms of money are recorded in accounts is according to
business entity concept
going concern concept
money measurement concept
accounting period concept
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dividing the expenditure into capital and revenue is according to
business entity concept
going concern concept
money measurement concept
accounting period concept
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
Business Entity Concept
Conservatism
Cost Concept
Money Measurement Concept
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Co-operative societies is an example of
personal account
real account
nominal account
representative personal account
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Outstanding salary account is a
natural personal account
artificial personal account
representative personal account
real account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest earned is a
personal account
real account
nominal account
representative personal account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Commission paid is a
personal account
real account
nominal account
representative personal account
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