Accounting Multiple Choice Questions and Answers for Practice

Here is the list of Accounting multiple choice questions and answers available online and pdf download format to practice for exams.

Accounting Questions with Answers

16. Which account is not a liability account?

17. Which of the following is not a liability?

18. Which of the following is not a credit balance?

19. Sales expenditure budget is prepared by estimating the expense(s) of

20. Which of these is not included as a separate item in the basic accounting equation?

21. Balance sheet is a statement of

22. Which of the following balance sheet equations is wrong?

23. Which of the following source books will not be required in a cash business?

24. A higher inventory ratio indicates

25. The following is (are) the current liability (ies)

26. Accounting provides information on

27. Which of the following would not be found on a standardized income statement?

28. The long term assets that have no physical existence but are rights that have value is known as

29. The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as

30. Patents, Copyrights and Trademarks are

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Accounting Multiple Choice Questions and Answers

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