Financial Accounting MCQ Questions and Answers for Practice

Financial Accounting MCQs are essential practice tools for students and exam aspirants. These multiple-choice questions help reinforce key concepts and prepare you for various assessments and interviews.

About Financial Accounting MCQ Questions

Financial Accounting MCQs cover a wide range of topics, including financial statements, accounting principles, journal entries, ledger accounts, and more. These questions are designed to test your understanding of core accounting concepts and their practical applications.

Why Practice Financial Accounting Objective Questions?

Practicing Financial Accounting MCQs offers several benefits. They help you prepare for school and college exams, competitive exams, and job interviews. Regular practice enhances your problem-solving skills, improves your speed, and boosts your confidence in handling financial accounting questions.

Who Should Use These MCQs?

  • Students preparing for school or college exams
  • Competitive exam aspirants
  • Candidates preparing for interviews

Financial Accounting MCQ Questions for Practice

1. AICPA Means

2. Expand AICPA

3. Interest on drawings is charged on

4. Which is the material things or possessions of the business

5. Any irrecoverable portion of sundry debtors is known as  

6. Which book is known as total of debit and credit  

7. Which one is list of all account balances

8. Recording of financial transactions is done in

9. Which is an account prepared to record all expenses at branch.

10. Which account is prepared wth a view to ascertain the gross profit of branch.

11. Which account is prepared to exercise control over the branch cash.

12. On which condition we  made adjustment for closing stock as well as opening stock in the purchaseaccount

13. Amount of cash or other assets withdrawn by owner for his personal purpose called

14. Interest on capital is credited to----------------------- A /C

15. Rent paid, salary paid which type of expenditure

Download PDF

Tags

Multiple Choice Questions and Answers on Financial Accounting

Financial Accounting Multiple Choice Questions and Answers

Financial Accounting Trivia Quiz

Financial Accounting Question and Answer PDF Online


Spreading Knowledge Across the World

United States, United Kingdom, India, Nigeria, Philippines, Pakistan, Nepal, Singapore, Indonesia, Bangladesh, Ghana, United Arab Emirates, Kenya, Canada, Malaysia, Australia, Iran, South Africa, Uganda, France, Ireland, Egypt, Tanzania, Ethiopia, Thailand, Sri Lanka, Cameroon, Hong Kong, Spain, Vietnam, New Zealand, Japan, Brazil, Saudi Arabia, Zambia, Czechia, Italy, Russia, Myanmar (Burma), Netherlands, Germany, Romania, Mexico, Rwanda, Sierra Leone, Turkey, Zimbabwe, Poland, Iraq, Cyprus, Algeria, Liberia, Greece, Jamaica, Malawi, Qatar, Portugal, South Korea, Argentina, Colombia, Morocco, Peru, Kuwait, Lithuania, Finland, Somalia, Israel, Bulgaria, Chile, Hungary, Trinidad & Tobago, Uzbekistan, Ukraine, Sweden, Kazakhstan, Norway, Macedonia, Benin, Switzerland, Oman, Botswana, Belgium, Ecuador, Slovakia, China, Croatia, Brunei, Serbia, Papua New Guinea, Bahrain, Guyana, Denmark, Lesotho, Lebanon, Jordan, Azerbaijan, Latvia, Cambodia, Namibia, Mauritius, Austria, Mongolia, Albania, Libya, Gambia, Taiwan, Bhutan, Venezuela, Dominican Republic, Tunisia, Luxembourg, Bosnia & Herzegovina, Guatemala, Solomon Islands, Guam, Costa Rica, Yemen, Bolivia, and many more ...