Accounting Principle and Concepts MCQs Test

Accounting concepts and principles, Multiple choice questions (MCQs) / By

Now its time to assess how much you learned about Accounting principle and concepts. We have prepared below MCQs quiz for this chapter. Go and take the quiz to clear your concepts about Accounting principle and concepts. If you face any difficulty to answer the question we advise you to read this topic thoroughly from the explanation section.

We have prepared a multiple choice questions quiz for the students to check their knowledge about Accounting Principles and Concepts chapter. The quiz consists of 10 multiple choice questions. Go through all the questions and then click the submit button to get the result.

1. Accounting cycle does not include:

 
 
 
 

2. One of the following is not the characteristic of Accounting Principles:

 
 
 
 

3. Which is not a feature of separate entity concept?

 
 
 
 

4. Going concern may be defined best as:

 
 
 
 

5. Matching concept does not include one of the following:

Also Check:  Trial balance - MCQs
 
 
 
 

6. Accounting conventions do not include:

 
 
 
 

7. Realization Concept does not include one of the following features:

 
 
 
 

8. According to consistency convention accounting principles should be:

 
 
 
 

9. One of the following is not the example of materiality concept:

 
 
 
 

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