Exam preparation MCQs with answers

Practice Pakistan's most useful MCQs for competitive exams

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Latest MCQs

Which of the following is an item of capital expenditure?
  • (A)  Research and development costs during the year
  • (B)  Interest on borrowed fund utilized for acquisition of Office Furniture
  • (C)  Installation charges paid in conjunction with the purchase of Office Equipment
  • (D)  Monthly rent of a machinery used in the business
Cash book records?
  • (A)  Only cash sales
  • (B)  All types of cash receipts and payments
  • (C)  Only revenue receipts
  • (D)  Only capital receipts