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Accounting Equation MCQ

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FREE ONLINE ACCOUNTANCY LEARNING

(http://www.basiccollegeaccounting.com/) “Dedicated to helping Students & Teachers” NOTE:

This Accounting test paper on Accounting Basics is divided into four sections:

• Section A:10 questions on True Or False • Section B:15 questions on Fill The Blank

• Section C:15 questions on Multiple Choice Question • Section D: 2 questions on Solved Questions

SECTION A: Question on True Or False

! " # $ %& $ % " & ! ! ! ' ( ) $ ! ! * + , ! $ '-( )$ . * '. $ ' -. ! ! ' * '+ $ $ $ . /011 111 ! ! 2 ! ' * '$ ! $ $

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(Page 2) " * ! 2 ! * $ 3 " % $ # & * % $ # $ * $ % * # * ! " ! !

Section B: Questions On Fill In The Blanks

! " 4444444444% 444444444444#44444444444 ! ! 4444444444 4444444 ! ! + ( )44444444444 ! 44444444444 " ! 4444444444 444444444 ! 5 6 444444444 ! $ 7 ! ! * '44444444 $ '44444444 ! * " $ 4444444444 ! 44444444 ! " ! ! 4444444444#4444444444444

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Section C: Questions On Multiples Choice Questions

! ! 2 8! ! " & ( )9 - 9 $ ( ) - $ ( )9 - $ ( ): ! . . " . ! ! 2 8! ! 3 " & ( )9 - 9 $ ( ) $ ! : ( ) 7 $ ( ): ! ! 2 8! ! 3 " & ( )9 - 9 & ( )9 - & ( ) - &

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(Page 4) ( ): ! ! ! ! 2 8! ! 3 " & ( )9 - 9 * ( ) - * * ( ) $ ! $ ( ): ! %/;<111 %/=<111 ! ! ! ! 3 ( )/>1 111 ( )/?1 111 ( ) /<1 111 ( ) /=<111 + 2 " ! ! ' @ /<<111 $ ! - /;<11 /0=<11 /<1112 8! ! 3 ( )/>0111 ( )/><111 ( ) /01 <11 ( )/;A111

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(Page 5) 2 B ( ) C ! ( ) " ! ( ) " ! ! 2 ( ) ! ! 8! ! ! 3 ( )C ( )-( )$ ! ( )& . 8! ! ! 3 ( )" ! D ( )+ ! ( )$ ! ! D ( )" ! !2 8! ! 3

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(Page 6) ( ) ! ! ! ( ) ( ) ! ! ( ) 2 8! ! ! ! 3 ( ) ! ! ! ( ) ! ( ) ! ! ( ) ! ! ! 8! ! ! 3 ( )8! ( )8! ( )8! ! ( ) ! ' ( ) !

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(Page 7) ( )+ ! ( ) ! ! ! ! ( ): ! ! ! . ! ' ( )* & " $ - " ( )* - " $ & " ( )* & $ - " ( ): ! . + 2 " ! ! 2 ! ! ' ( )* $ ! $ -( )* + 2 " $ $ ( )* $ $ $ ! ( ): !

Section D: Solved Problems

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(Page 8) '"%" E&%& E$%$ ( ) & ( ) " @ ( ) F D ( ) " 9 * ! ! 2 ( ) - ! ! ( ) @ ! ( ) 8 ! ( ) ! ! !

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Section A: Answers-True or False

" # " #

!

Answers to Section B: Fill In The Blanks

$ % % $ & ' ( & $ % ' ( ) (%& * + %& * ! & %'

Answers to Section C: Multiple Choice Questions

$ + & + & & , $ , , + $ + $

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Section D: Answers-Solved Problems

" # $ " # ' " # & "*# $ " # - .. / ( * ( .. * " # - .. 0 ( * ( .. * " # + / * " # + / * 1 ! $

References

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