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

B

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

A

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

B

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

C