Accounting Skills Assessment Practice Questions 2023 - Part 7
1. Which of the following item of revenue nature?
A) Dividends payable
B) Rent incur
C) Fee earned
D) Payment for building improvement
2. All of the following are Liabilities except?
A) Income Receivable
B) Note Payables
C) Wages outstanding
D) None
3. Which of the following is not an asset?
A) Debtors
B) Buildings
C) Cash balance
D) Bank overdrawn
4. All of following are Assets except?
A) Prepaid Rent
B) Goods
C) Unearned Income
D) b and c
5. Assets which have no physical existence and which cannot be seen, touched or felt are?
A) Current assets
B) Tangible assets
C) Fictitious assets
D) Intangible assets
A) Dividends payable
B) Rent incur
C) Fee earned
D) Payment for building improvement
2. All of the following are Liabilities except?
A) Income Receivable
B) Note Payables
C) Wages outstanding
D) None
3. Which of the following is not an asset?
A) Debtors
B) Buildings
C) Cash balance
D) Bank overdrawn
4. All of following are Assets except?
A) Prepaid Rent
B) Goods
C) Unearned Income
D) b and c
5. Assets which have no physical existence and which cannot be seen, touched or felt are?
A) Current assets
B) Tangible assets
C) Fictitious assets
D) Intangible assets
1. Right Answer: C
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation:
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