Kerala Financial Corporation Assistant Expected Questions|Accountancy MCQ

Kerala Financial Corporation Assistant Expected Questions|Accountancy MCQ

  Exam Name: Kerala Financial Corporation Assistant

  Kerala PSC is conducting Kerala Financial Corporation Assistant Exam on 19 October 2019. Some Expected Questions on Accountancy are given below:

You can get the syllabus of Kerala Financial Corporation Assistant by clicking Here
Read the Accountancy Basic Questions HERE
Read What is Organization?
Read Why we need Accounting? Who are the users of Accounting?

1.  Accounting Provides Information of;

1.       Cost and income for managers
2.        Company’s Tax liability for a year
3.         Financial conditions of an institutions
4.          All of the above

2. The debts which are to be repaid within a short period (year or less) are known as

A. Current liabilities

B. Fixed liabilities

C. Contingent liabilities

D. All of the above

3. Patents, Copyrights and Trademarks are

A. Current assets

B. Fixed assets

C. Intangible assets

D. Investments

4.  The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as

A. Current assets

B. Fixed assets

C. Intangible assets

D. Investments

5. The long term assets that have no physical existence but are rights that have value is known as

A. Current assets

B. Fixed assets

C. Intangible assets

D. Investments

6.The sales income (Credit and Cash) of a business during a given period is called

A. Transactions

B. Sales Returns

C. Turnover

D. Purchase Returns

7. Any written evidence in support of a business transaction is called

A. Journal

B. Ledger

C. Ledger posting

D. Voucher

8. The account that records expenses, gains and losses is

A. Personal account

B. Real account

C. Nominal account

D. None of the above

9. Real account records

A. Dealings with creditors or debtors

B. Dealings in commodities

C. Gains and losses

D. All of the above

10.   In Journal, the business transaction is recorded

A. Same day

B. Next day

C. Once in a week

D. Once in a month

Also, Check; 

Kerala Financial Corporation Assistant Previous Questions Download pdf

What is Organization?

Read the Accountancy Basic Questions HERE

Why we need Accounting? Who are the users of Accounting?

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