Accounting Quiz 5 for MahaTransco, MIDC, NMMC | Mock 101

कॉमर्स च्या विद्यार्थ्यांसाठी बहुप्रतिक्षेत असणारी Accounting Quiz for MahaTransco, MIDC, NMMC लेखापाल पदाची भर्ती परीक्षा येत्या काही दिवसात होणार आहे. तसेच इतर महानगरपालिकेमधील लेखविषयक पदे देखील भरण्यात येणार आहे. फक्त एक पेपर देऊन राज्य शासनात लेखापाल /लेखाअधिकारी बनण्याची उत्तम संधी कॉमर्सच्या विद्यार्थ्यांना आहे.

The much-awaited recruitment exam for the post of Accounting Quiz for MahaTransco, CIDCO, NMMC Accountant for Commerce students will be held in the coming days. Also, accounting posts in other Municipal Corporations will also be filled. Commerce students have a great opportunity to become Accountants/Accounts Officers in the State Government by giving just one paper.

Solve Accounting Quiz for MahaTransco, MIDC, NMMC

 

#1. What is the rearrangement of the accounting equation in accounting practice nowadays in most modern business organizations?

A. A = L + E

B. A = L + E + Owner’s Drawings

C. A = L + E + Owner’s Drawings + Expenses

D. A = L + E – Owner’s Drawings + Revenues – Expenses

#2. Assets, Expenses, The Owner’s Equity, and the Revenue, as well as the Liabilities, are all parts of which of the following given below:

A. types of accounting

B. Types of balances of sheet

C. Types of constituents of the accounting equation

D. none of the above

#3. Gross profit is

A. Sales - Purchases

B. Sales - cost of goods sold

C. Cost of goods sold + Opening stock

D. Net profit - expenses

#4. The debts which are to be repaid within a short period (a year or less) are referred to as

A. Contingent liabilities

B. Fixed liabilities

C. Current Liabilities

D. Capital

#5. Copyrights, Patents and Trademarks are examples of

A. Intangible assets

B. Investments

C. Fixed assets

D. None of these

#6. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as

A. Intangible assets

B. Fixed assets

C. Investment

D. Current assets

#7. At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is

A. Transferred to Profit and Loss Account

B. Transferred to Depreciation Account

C. Transferred to the Asset Account

D. Simply deducted from the asset in the Balance Sheet

#8. If we take goods for own use we should

A. Debit Drawings Account: Credit Stock Account

B. Debit Sales Account: Credit Stock Account

C. Debit Drawings Account, Credit Purchases Account

D. Debit Purchases Account: Credit Drawings Account

#9. When a petty cash book is kept there will be

A. Fewer entries made in the general ledger

B. More entries made in the general ledger

C. No entries made at all in the general ledger for items paid by petty cash

D. All of Above

#10. If a trial balance totals do not agree, the difference must be entered in

A. A Nominal Account

B. The Profit and Loss Account

C. A Suspense Account

D. The Capital Account

Previous

Finish

Results