Balance Sheet in Finance MCQs Quiz Online PDF Download

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MCQs on Balance Sheet in FinanceQuiz PDF Download

MCQ: A company purchases goods but does not pay payments to suppliers immediately and record them as

  1. account payable
  2. account receivable
  3. current liabilities
  4. accumulated liabilities

A

MCQ: In balance sheet, sum of retained earnings and common stock are considered as

  1. preferred equity
  2. due equity
  3. common perpetuity
  4. common equity

D

MCQ: Method of inventory recording gives lower cost of goods sold in income statement is classified as

  1. last in first out
  2. last out receivable
  3. first out receivable
  4. first in first out

D

MCQ: Financial securities that can be converted into cash at closing to their book value price are classified as

  1. inventories
  2. short-term investments
  3. cash equivalents
  4. long-term investments

C

MCQ: Earnings that are not paid as dividends to stockholders and have cumulative amount are classified as

  1. non-paid earnings
  2. common earnings
  3. retained earnings
  4. preferred earnings

C