4/17/22, 12:58 AM Accounting MCQ Questions and Solutions with Explanations | Commerce
([Link] Login
([Link]
url=https%3A%2F%
mcq-question-
on-
accounting%2F)
Home ([Link] Aptitude ([Link]
English ([Link] Reasoning ([Link]
DI ([Link] GK ([Link]
Current Affairs ([Link] Interview ([Link] Computer Programming
Engineering More Ask Question ([Link]
Accounting MCQ Questions and Solutions with Explanations | Commerce
Home ([Link]
/
Commerce ([Link]
/
Accounting
Communicate More
Effectively
Get writing suggestions across Slack,
Word, LinkedIn, and beyond. Install
Grammarly now.
Grammarly Install
Section 1 ([Link]
Section 2 ([Link]
Section 3 ([Link]
Section 4 ([Link]
Section 5 ([Link]
Section 6 ([Link]
1. Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
Answer & Solution
Discuss in Board ([Link]
Save for Later
Answer & Solution
Answer: Option D
Solution:
Accounting provides information on Cost and income for managers, Company's tax liability for a particular year and Financial conditions of an institutions.
[Link] 1/5
4/17/22, 12:58 AM Accounting MCQ Questions and Solutions with Explanations | Commerce
2. The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Answer & Solution
Discuss in Board ([Link]
Save for Later
Answer & Solution
Answer: Option C
Solution:
The long term assets that have no physical existence but are rights that have value is known as Intangible assets. An intangible asset is an asset that is not physical in nature.
Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
3. The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Answer & Solution
Discuss in Board ([Link]
Save for Later
Answer & Solution
Answer: Option A
Solution:
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as Current assets. Current assets include cash, cash equivalents, accounts
receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
CPU mining
[Link]
[Link] 2/5
4/17/22, 12:58 AM Accounting MCQ Questions and Solutions with Explanations | Commerce
4. Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Answer & Solution
Discuss in Board ([Link]
Save for Later
Answer & Solution
Answer: Option C
Solution:
Patents, Copyrights and Trademarks are Intangible assets. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such
as patents, trademarks, and copyrights, are all intangible assets.
5. The debts which are to be repaid within a short period (year or less) are known as
A. Current liabilities
B. Fixed liabilities
C. Contingent liabilities
D. All of the above
Answer & Solution
Discuss in Board ([Link]
Save for Later
Answer & Solution
Answer: Option A
Solution:
The debts which are to be repaid within a short period (year or less) are known as Current liabilities. Current liabilities are a company's debts or obligations that are due within one
year or within a normal operating cycle.
We present our world
premieres
Laser World of Photonics Munich |
TRUMPF
TRUMPF Open
[Link] 3/5
4/17/22, 12:58 AM Accounting MCQ Questions and Solutions with Explanations | Commerce
1 2 ([Link]
3 ([Link]
4 ([Link]
5 ([Link]
6 ([Link]
7 ([Link]
8 ([Link]
9 ([Link]
10 ([Link]
11 ([Link]
12 ([Link]
13 ([Link]
14 ([Link]
([Link]
Read More Section(Accounting)
Each Section contains maximum 70 questions. To get more questions visit other sections.
Accounting - Section 2 ([Link]
Accounting - Section 3 ([Link]
Accounting - Section 4 ([Link]
Accounting - Section 5 ([Link]
Accounting - Section 6 ([Link]
CPU mining
Minimal Withdrawal Amount 0.0001 XMR
[Link] Open
[Link] 4/5
4/17/22, 12:58 AM Accounting MCQ Questions and Solutions with Explanations | Commerce
CPU mining
[Link]
Copyright © 2022 [Link] ([Link]
([Link]
(http
About Us | ([Link] Terms & Condition | ([Link] Privacy Policy | ([Link]
Contact Us ([Link]
[Link] 5/5
