Practice Questions & Answers in Accounting
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Accounting MCQ Questions and Answers | Pdf Download
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Financial Accounting – Multiple Choice Questions (MCQs) and Answers
1. Which of the following is a debit entry to a partner’s current account? (A) Salary (B) Drawings (C) Share of profit (D) Interest on capital 2. Salaries paid to partners is an: (A) Appropriation of profit among partners (B) Income of the partnership firm (C) Expense to partnership firm (D) None of the above 3. ...read more
Financial Accounting Questions and Answers - Objective Quiz
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2. A partnership is a seperate entity from the parners: 3. In Partnership accounting, capital accounts are prepared under following mwethod: 4. In Partnership, revaluation of assets is done due to: 5. A new partner can be entered into the partnership with the consent of: d - all the existing partners. ...read more
(PDF) Sample Test for Financial Accounting
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ACCA Past Papers - ACCA Past Exams - Questions and Answers
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Accounting Multiple Choice Questions and Answers | Pdf Download
Which one is list of all account balances. 8. Recording of financial transactions is done in. None of these. 9. Which is an account prepared to record all expenses at branch. None of these. 10. Which account is prepared wth a view to ascertain the gross profit of branch. ...read more
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