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Accounting MCQs

Accounting MCQs are included in this portion of ETEST Website.All Accounting MCQs are solved with short detail. ETEST Team updates ETEST Website on daily basis.

Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Private company consist of maximum …. Partners.

August 27, 2021   Admin No Comments
  • 40
  • 50
  • 60
  • 70
  • b
  • Minimum members / partners of Private Company are 02 and maximum should be 50.
    The audit of Private Company is not Compulsory.

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

How many types of Depreciation?

August 27, 2021   Admin No Comments
  • 05
  • 06
  • 07
  • 08
  • a
  • Straight Line Method
    Annuity Method
    Depreciation Fund Method
    Revalution Method
    Reducing Method

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Financial Market include:

August 27, 2021   Admin No Comments
  • Physical Asset Market
  • Primary Market
  • Capital Market
  • All of the above
  • d
  • A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded.

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Long period of bond maturity leads to:

August 27, 2021   Admin No Comments
  • Standing Prices
  • Stable Prices
  • More Price Change
  • Mature Prices
  • c
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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Life that maximizes net present value of an asset is classified as:

August 27, 2021   Admin No Comments
  • Minimum Life
  • Economic Life
  • Transaction Life
  • Present Value Life
  • b
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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Pension is a periodical payment to the Government Servant after ….. By Government.

August 27, 2021   Admin No Comments
  • Retirement
  • Resign
  • Dismiss
  • Corruption
  • a
  • There are four types of Pension:
    Compensation Pension
    Invalid Pension
    Superannuation Pension
    Retiring Pension

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Journal means:

August 27, 2021   Admin No Comments
  • Monthly
  • Daily
  • Weekly
  • None of above
  • b
  • The Journal is a French language word and derived from “Jour” which means day. Therefore, the meaning of Journal is daily.
    Transactions are recorded on daily basis in Journal.

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

An Accounting Cycle consist of how many steps?

August 27, 2021   Admin No Comments
  • 03
  • 04
  • 05
  • 06
  • c
  • Transaction
    Journal
    Ledger
    Trial Balance
    Final Account

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Prepaid Expense is also called …. Before using it.

August 27, 2021   Admin No Comments
  • Current Asset
  • Capital
  • Liability
  • Drawings
  • a
  • Prepaid Expenses are those expenses which are paid in advance for example Rent, Mobile Load, Insurance and Etc.

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Accountant Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Sum of cash and goods invested in the business by the owner is called:

August 27, 2021   Admin No Comments
  • Liability
  • Capital
  • Asset
  • None of these
  • b
  • There are six types of capital :
    Trading Capital
    Fixed Capital
    Circulating Capital
    Working Capital
    Loan Capital
    Watered Capital

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