Financial Accounting Quiz | Financial Accounting Online Test for Practice

Financial Accounting MCQ Questions for Practice

31. Assets acquired for long term use in business called

32. A person who owes money to the business is a

33. Branches keeping full system of accounting is called

34. The head office prepares branch account to find out ------------------- earned by branch

35. Payment of monthly rent to land lord is 

36. What is short working?   

37. What is the another term of minimum rent

38. Assets which have no real value but are shown in books of account for technical reasons are called

39. Assets which are held for a short period called

40. Recouping of short working arise in

41. Which concept facilitates recording of business events on a uniform basis.

42. Which principal have separate entity

43. Things which are purchased by business for resale called

44. What represents goods sent by head office to the branch or by the branch to the head office but not received by other

45. Managers commission is calculated on

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