Balance Sheet Accounts MCQs Quiz Online PDF Download

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MCQs on Balance Sheet AccountsQuiz PDF Download

MCQ: Accounts payable, accruals and notes payables are listed on balance sheet as

  1. accrued liabilities
  2. current liabilities
  3. accumulated liabilities
  4. non current liabilities


MCQ: Cash and equivalents, inventories and accounts receivables are classified as

  1. assets on balance sheet
  2. liabilities on balance sheet
  3. earnings on income statement
  4. payments on income statement


MCQ: In situation of bankruptcy, stock which is recorded above common stock and below debt account is

  1. debt liabilities
  2. preferred stock
  3. hybrid stock
  4. common liabilities


MCQ: Wages and salaries of employees which company owns in this accounts are called

  1. accrued expenses
  2. accruals accounts
  3. Both A and B
  4. zero liabilities