Accounting and Finance MCQs Test 1

ABOUT THIS QUIZ:

  • Chapter: Accounting and Finance
  • Quiz Type: Multiple choice questions (MCQs)
  • Number of MCQs:40
  • Total Points: 40
  • Approximate Time Required: 10 – 15 minutes

Accounting and Finance MCQs Test

1 thought on “Accounting and Finance MCQs Test 1”

  1. Muhammad eisar Ul Hasan

    Question 26 of 40
    This is not non-current asset it is current liability as you explain
    Expense owing means expense, which has been incurred, but payment for it is yet to be made; so it is a liability. Moreover as its amount is payable within one year so is shown as a current liability.

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