Accounting MCQs Online Preparation for Written Test

Accounting MCQs Online Preparation for Written Test

 

Accounting MCQs Online Preparation for Written Test

 

 

General Information

  • This test has 20 MCQs.
  • Repeat at least 3-4 Times a test.
  • Mcqs will be changed on every new starting of the test. New Mcqs will be updated with time.
  • Your score will be declared at the end of the test.
  • If you found any mistake please inform us.
  • More Online Mcqs will be available soon.
  • you can also send us MCQs we shall upload with the name of the user.

 

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One thought on “Accounting MCQs Online Preparation for Written Test

    1. I would like to explain in simple words. When we debited other’s party account then we inform them by sending Debit note. Sometimes we there is a rate difference issue so then we can also use Debit or Credit note.

      it can also be used to inform vendors/suppliers when we return supply.

      Example – Company-A buys goods worth 1,00,000 from Company-B, however, 10,000 worth of goods were found damaged due to some reason & this was notified to Company-B at the time of actual delivery.

      Company-A (buyer) issues a debit note for 10,000 in the name of Company-B (seller). This reduces the obligation of the buyer by 10,000 and is now only required to pay 90,000.

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