Accounting Manager series- 3 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-3 quiz you are applying for a job / interview / Competitive Exams RBB, SSC, MBA, B.Com, BBA Enterence exams Solving quiz you will prepare yourself.. 0 Created on November 29, 2020 By wefru Manager Series 3 TEST YOUR SKILLS BRODLY 1 / 10 21. The amount of salary paid to Suresh should be debited to The account of Suresh Salaries a/c Cash a/c Bank a/c 2 / 10 22. The cash discount allowed to a debtor should be credited to Discount a/c Customer a/c Sales a/c None of these 3 / 10 23. Accounting does not record non-financial transactions because of: Accrual concept Cost concept Continuity concept Money measurement concept 4 / 10 24. The concept of separate entity is applicable to which of following types of businesses? Sole proprietorship Corporation Partnership All of them 5 / 10 25. Accounting is the process of matching Revenues & Costs Benefits & Costs Cash Inflow & Cash Outflow Potential & Real Performance 6 / 10 26. The primary objective of cost accounting is Ascertain the cost of goods and services Ascertain the profit Presentation of all data None of these 7 / 10 27. Of the following account types, which would be increased by a debit? Liabilities and expenses. Assets and equity. Assets and expenses. Equity and revenues. 8 / 10 28. Which of the following statements about differences between financial and managerial accounting is incorrect? Managerial accounting information is prepared primarily for external parties such as stockholders and creditors; financial accounting is directed at internal users. Financial accounting is aggregated; managerial accounting is focused on products and departments. Managerial accounting pertains to both past and future items; financial accounting focuses primarily on past transactions and events. none 9 / 10 29. Custom and traditions which guide the accountant while preparing the accounting statements Accounting convention Accounting concepts Accounting principles None of these 10 / 10 30. Balance Sheet is a statement of Assets Liabilities Capital All of these Your score is The average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz