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MGT101 Solved MCQs |
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Some Important MGT101 Solved MCQs |
1: Bank Balance will fall under which of the following classification of account?
- Assets
- Liabilities
- Revenues
- Expenses
2: After some intervals, the sum of sales is posted to the debit side of............?
- Total Debitor AccountÂ
- Sales Account
- Total Creditors AccountÂ
- None of the given Options
3: Outsider claim against assets of the business is also called for the entity?
- IncomeÂ
- Resource
- Expense
- Liabilities
4: Which of the following accounts will be debited, when we acquire the building of 500,000 Rs on Credit?
- Capital Account
- Building AccountÂ
- Cash Account
- Bank Account
5: Expenses are recorded when incurred either paid or not according to?
- Cash accounting
- management accounting
- Cost accounting
- Accural accounting
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