Current assets – Current liabilities=?
Current assets – Current liabilities=?
A. Capital
B. Absorbed capital
C. Net assets
D. Net working capital
Current assets – Current liabilities=? Read More »
Accounting MCQs / Q&AMCQs / Q&A
An increase in provision for bad debt will____________?
An increase in provision for bad debt will____________?
A. Decrease net income
B. Decrease liabilities
C. Increase net income
D. Increase liabilities
An increase in provision for bad debt will____________? Read More »
Accounting MCQs / Q&ADepreciation decreases____________?
Depreciation decreases____________?
A. Liabilities
B. Cash
C. Bank
D. Capital
Depreciation decreases____________? Read More »
Accounting MCQs / Q&AIf Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
A. $5000
B. $10,000
C. $15,000
D. $20,000
Which of following best describes the increase in equity expands___________?
Which of following best describes the increase in equity expands___________?
A. Business operations
B. cash outflows
C. Inflows of cash
D. Appropriation expenses
Which of following best describes the increase in equity expands___________? Read More »
Accounting MCQs / Q&ACash received for services rendered will______________?
Cash received for services rendered will______________?
A. Increase cash and liability
B. Increase equity and liability
C. Increase fixed assets and cash
D. Increase cash and equity
Cash received for services rendered will______________? Read More »
Accounting MCQs / Q&AFresh capital introduction will increase____________?
Fresh capital introduction will increase____________?
A. Assets and liabilities
B. Assets and equity
C. Liabilities and equity and bank balance
D. Capital and liabilities
Fresh capital introduction will increase____________? Read More »
Accounting MCQs / Q&AWhich of the following accounting equation is correct?
Which of the following accounting equation is correct?
A. Cash+Other assets=Capital-Liabilities
B. Capital+ Liabilities=Assets+Income
C. Assets-Liabilities=Capital
D. Assets+Capital=Liabilities
Which of the following accounting equation is correct? Read More »
Accounting MCQs / Q&AWhich of the following is the practical implementation of the accounting equation?
Which of the following is the practical implementation of the accounting equation?
A. Cash flow statement
B. Income statement
C. Statement of changes in equity
D. Statement of financial position
Which of the following is the practical implementation of the accounting equation? Read More »
Accounting MCQs / Q&APayment of expenses will ______ the assets
Payment of expenses will ______ the assets
A. Increase
B. Reduce
C. apportion
D. Overstate
Payment of expenses will ______ the assets Read More »
Accounting MCQs / Q&A