Accounting MCQs

Correct answer A. Office equipment

Correct answer A. Nominal accounts

Correct answer A. Balance c/d

Correct answer C. Entering in the ledger the information contained in the ledger

Correct answer C. Ledger

Correct answer D. The Cash Book is a subsidiary book as well as a ledger.

Correct answer B. Contra entry

Correct answer C. Both cash receipts and cash payments

Correct answer B. Accountant of business

Correct answer B. Payments

Correct answer B. Asset

Correct answer C. Bank overdraft

Correct answer D. At the end of every accounting period

Correct answer C. Accounts receivable

Correct answer D. Seller

Correct answer B. Two column cash book

Correct answer D. Cash

Correct answer B. Payments

Correct answer B. Prepaid expenses

Correct answer D. Petty cash book