MCQ Collection
KPPSC Accounts Audit Finance MCQs
Practice KPPSC Accounts Audit Finance questions with answers and explanations.
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Correct Answer: A. outstanding borrowing of government
Explanation:
public debt refers to outstanding borrowing of government
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Correct Answer: B. illegal
Explanation:
“illegal” is the antonym of “legal”.
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Correct Answer: D. simple
Explanation:
“simple” is the antonym of “complex”.
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Correct Answer: D. inventory
Explanation:
inventory is the term that matches the description: goods held for sale or use in production
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Correct Answer: C. an opinion that statements are materially and pervasively misstated
Explanation:
adverse opinion refers to an opinion that statements are materially and pervasively misstated
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Correct Answer: C. bad debt
Explanation:
bad debt is the term that matches the description: a receivable considered uncollectible
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Correct Answer: A. completeness assertion
Explanation:
completeness assertion is the term that matches the description: the assertion that all required items have been recorded
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Correct Answer: B. temporary storage for deleted files on many desktop systems
Explanation:
recycle bin refers to temporary storage for deleted files on many desktop systems
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Correct Answer: D. debit
Explanation:
debit is the term that matches the description: the left side of a ledger account
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Correct Answer: D. provision
Explanation:
provision is the term that matches the description: an estimated liability of uncertain timing or amount
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Correct Answer: B. 50
Explanation:
42 + 8 = 50.
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Correct Answer: B. a receivable considered uncollectible
Explanation:
bad debt refers to a receivable considered uncollectible