MNC JOBS Accounting Model Paper 1 Online Test

Double entry principle means


The accounting equation is based on


Which of these is not available in financial statements of a company


When applied to the balance sheet,the convention of conservatism results in


Contigent liability is shown as foat note of balance sheet due to


Depreciating fixed assets axes its useful life is an example of the following concept convention


Example of accounting estimate is


Stock account is a___________


Discount received in advance account is a_________account


An employee stole away cash Rs.10000 and goods worth Rs.20000,what would be the journal entry.


Error(s) cannot be identified by the trial balance


Which of the following is put on the credit side out the Trial balance


Credit note is sent to


The Imprest system is used in


Balance as per cash book is Rs5,000 cheque issued but not presented for payment Rs2000 and cheque sent for collection but not collected Rs1500.The bank had wrongly debited the account of firm by 200 balance as per pass book will be__

















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This Paper is designed to prepare students to attempt MNC exam very confidently in core accounting.This is usefult for MBA Finance students.

Discussion

Sathya

I have a doubt on q.no.13. credit not will be sent to whom. Answer you mentioned that is creditor. but credit not will be prepared and it will issued by the seller to the buyer at the time of sales return. then how it will be the creditor?

1545 days 3 hours 55 minutes ago

Biyyala.Venkatesh

financial accounting

2221 days 19 hours 41 minutes ago

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