Accounting Hard Mode Jobs Test

Accounting Test Hard Mode

Sr. #	Questions	Answers Choice
1	Cheque received but not deposited recorded in cash book is	Cash column Discount column Bank column None of these
2	Transaction which is omitted from record is known as	Errors of omission Errors of principle Errors of commission Compensating errors
3	Payment for freight on raw material purchased is called	Capital payment Deferred revenue payment Revenue payment None of these
4	The expenses incurred in purchasing land property represent	Capital expenditures Revenue loss Revenue expenditures Deferred revenue expenditures
5	Assets which come into existence upon the happening of a certain event are called	Fictitious assets Floating assets Contingent assets Dependent assets