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Accounting MCQ

This document contains multiple choice questions and answers related to various accounting topics at A-Level, organized by section. The sections include inventory, disposal of non-current assets, depreciation, reconciliation, financial statements, partnerships, sole traders, accounting concepts, costing methods, break even analysis, and financial ratios. Each section contains several questions followed by their respective multiple choice answers.

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256 views

Accounting MCQ

This document contains multiple choice questions and answers related to various accounting topics at A-Level, organized by section. The sections include inventory, disposal of non-current assets, depreciation, reconciliation, financial statements, partnerships, sole traders, accounting concepts, costing methods, break even analysis, and financial ratios. Each section contains several questions followed by their respective multiple choice answers.

Uploaded by

ewgwrg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FIFO and AVCO

Multiple choice Questions and Answers ( A level )

Question 1

Question 2
Question 3

Question 4

Question 4
Question 5

Question 6
Inventory
Multiple choice Questions and Answers ( A level )

Question 1

Question 2

Question 3
Question 4

Question 5

Question 6
Question 7

Question 8

Question 9
Question 10

Question 11

Question 12
Question 13
Disposal and exchange of non
current assets
Multiple choic Questions and Answers ( A level )

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question 7

Question 8
Question 9
Depreciation of non current assets

Multiple choice Questions and Answers ( A level )

Question 1

Question 2

Question 3
Question 4

Question 5

Question 6
Question 7

Question 8

Question 9

Question 10
Question 11

Question12

Question 13

Question 14
Question 15

Question 16
Reconciliation and verification
Multiple choice Questions and Answers ( A level )

 Errors
 Suspense account
 Sales ledger control account
 Purchases ledger control account
 Bank reconciliation
 Incomplete records

Correction of errors

Question 1

Question 2
Suspense accounts

Question 1

Question 2

Question 3
Question 4

Sales ledger control account

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question 7

Question 8
Question 9

Question 10

Purchases ledger control account

Question 1
Question 2

Question 3

Question 4
Question 5

Bank reconciliation

Question 1

Question 2

Question 3
Question 4

Question 5

Incomplete records
Question 1

Question 2

Question 3
Preparations and adjustments
to financial statements
Multiple choice Questions and Answers ( A level )

Provision for doubtful debts

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Financial statements and adjustments

Question 1
Question 2

Question 3

Question 4
Question 5

Question 6
Question 7

Question 8
Question 9

Question 10
Question 11

Question 12
Limited companies
Multiple choice Questions and Answers ( A level )

Statement of changes in equity

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Shares
Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question 7
Question 8

Question 9

Question 10
Question 11

Reserve
Question 1

Question 2
Dividend
Question 1

Question 2

Question 3
Goodwill

Question 1

Question 2
Debentures
Question 1
Partneurship
Multiple choice Questions and Answers ( A level )

Admissions
Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question 7

Question 8
Question 9

Question 10

Question 11
Retirements and dissolution
Question 1

Question 2
Question 3

Question 4
Appropriation

Question 1

Question 2

Question 3
Question 4

Partneurships
Question 1

Question 2
Question 3

Question 4

Question 5
Soletraders
Multiple choic Questions and Answers ( A level )

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question
The accounting cycle
Multiple choic Questions and Answers ( A level )

 Accounting concepts
 Ledgers

Accounting concepts

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question 7

Question 8

Question 9

Question 10
Ledgers

Question 1

Question 2
The application of accounting to
business planning
Multiple choice Questions and Answers ( A level )

Question 1

Question 2

Question 3
Question 4

Question 5

Question 6
Question 7

Question 8

Question 9
Cost-volume profit analysis
Multiple choice Questions and Answers ( A level )

Question 1

Question 2

Question 3
Question 4

Question 5
Question 6

Question 7
Question 8

Question 9
Break even point , contribution
to sales ratio and margin of
safety
Multiple choice Questions and Answers ( A level )

 Break even point


 Contribution to sales ratio
 Margin of safety

Break even point


Question 1

Question 2
Question 3

Question 4

Question 5

Question 6
Question 7

Question 8
Margin of safety

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Contribution and contribution to sales ratio

Question 1
Question 2

Question 3
Question 4

Question 5
Question 6

Question 7
Question 8
Marginal costing
Multiple choice Questions and Answers ( A level )

Question 1

Question 2
Question 3

Question 4

Costs
Question 1
Question 2

Question 3

Question 4
Absorption costing
Multiple choice Questions and Answers ( A level )

Question 1

Question 2
Question 3

Question 4

Question 5
Question 6

Question 7

Question 8
Question 9

Question 10

Question 11
Question 12

Question 13
Question 14

Question 15
Question 16
Ratios
Multiple choice Questions and Answers ( A level )
Return on capital employed

Question 1

Question
2
Question 3

Question 4

Question 5
Question 6

Question 7
Non current asset turnover

Question 1

Question 2
Question 3

Question 4

Expenses to revenue ratio

Question 1
Question 2

Question 3
Question 4

Other ratios
Question 1

Question 2
Question 3

Question 4

Question 5

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