Top 25 MCQ-Account
Test your accounting knowledge by practicing this “Top 25 MCQ-Account”.
This will certainly help you prepare for any competitive tests, such as a work interview, a school & college accounting test, etc.
| Total MCQ: | 25 |
| Time: | 10 Minutes |
| Pass Mark: | 60 Percent |
So let’s get started.
#1. What is an account?
#2. Which of the following account has no real existence?
#3. “Provision of depreciation” account is a–
#4. Which is the main book of accounts?
#5. Debit vouchers include –
#6. How many types of traditional methods of accounts?
#7. What is called the left and right side of the account?
#8. Which of the following is an example of nominal account?
#9. How many columns are there on each side of the “T” table of accounts?
#10. Unearned Revenue a/c is a –
#11. “Trademark” is a –
#12. Which of the following is an example of “contra liability account”?
#13. —has a separate title.
#14. General Reserve a/c is a—
#15. Which is not a liability?
#16. Which of the following account is closed at the end of the accounting period?
#17. Drawing a/c is a—
#18. VAT Account is an example of
#19. What is the other name of asset account?
#20. Which increases the capital account?
#21. Prepaid rent a/c is an example of
#22. Bank Overdraft a/c is an example of
#23. Which accounts that have normally credit balances?
#24. Which accounts that have normally dedit balances?
#25. What is the alternative name of the continuous balance method format?
Results
Congratulations on passing the quiz! Your dedication and effort have paid off. Keep up the great work!
Keep your spirits up! Failure is just a part of the journey to success. Best of luck for the next time!
You can also check:
Top 25 MCQ:
- Introduction to Accounting
- Accounting Transaction
- Double Entry System
- Journal
- Accounting Ledger
- Special Journal
