(A) Capital
(B) Property
(C) Patent rights
(D) Inventory
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Accounting MCQs
Accounting MCQs for Test Preparation. These Accounting MCQs are the most repeated mcqs and very important for all type of exams organized by FPSC, PPSC, KPSC, SPSC, BPSC, NTS, PTS, OTS, UTS, CTS, ITS and other testing agencies of Pakistan. Most important FPSC MCQs, PPSC MCQs, KPSC MCQs, SPSC MCQs, BPSC MCQs, NTS MCQs, PTS MCQs, OTS MCQs, UTS MCQs, CTS MCQs, ITS MCQs and other MCQs for test preparation in Pakistan.
(A) Patent rights
(B) Inventory
(C) Cash
(D) Trade receivables
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(A) receivable
(B) payable
(C) bad debt
(D) none of these
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(A) Assets + Liabilities = Equity
(B) Assets – Liabilities = Equity
(C) Assets – Receivable = Equity
(D) Assets + Receivable = Equity
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(A) International Financial Reporting Standards
(B) International Financial Accounting Standards
(C) International Accounting & Auditing Standards
(D) International Risk Reporting Standards
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(A) Company Law
(B) Accounting standards
(C) Both A and B
(D) None of these
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(A) Sole trader
(B) Partnership
(C) Company
(D) All of the above
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(A) Appropriation of profit among partners
(B) Income of the partnership firm
(C) Expense to partnership firm
(D) None of the above
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(A) Salary
(B) Drawings
(C) Share of profit
(D) Interest on capital
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