Home Ask MCQ Quiz Topics Login

Balance Sheet MCQ Questions & Answers

Balance Sheet MCQs : This section focuses on the "Balance Sheet". These Multiple Choice Questions (MCQs) should be practiced to improve the Balance Sheet skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.

Question 1

Financial securities which can be changed into cash to their book value price are categorized as

A. Short-term Investments
B. Inventories
C. Long-term Investments
D. Cash Equivalents

View Answer

Question 2

In a balance sheet, the total of common stock and retained earnings are examined as

A. Common Equity
B. Due Equity
C. Preferred Equity
D. Common Perpetuity

View Answer

Question 3

In the situation of bankruptcy, a stock which is recorded above common stock and below debt account is

A. Preferred Stock
B. Debt Liabilities
C. Common Liabilities
D. Hybrid Stock

View Answer

Question 4

In the Income statement, the process of recording inventory that gives a lower cost of a commodity sold is categorized as

A. First Out Receivable
B. Last in First Out
C. Last Out Receivable
D. First in First Out

View Answer

Question 5

Information that is used by investors for forecasting future earnings is documented in

A. Annual Report
B. Five Years Report
C. Exchange Report
D. Stock Report

View Answer

Question 6

Salaries and wages employees are recorded in which accounts are called

A. Accruals Accounts
B. Accrued Expenses
C. Zero Liabilities
D. Both A and B

View Answer

Question 7

Inventories, cash and equivalents, and accounts receivables are listed as

A. Earnings on Income Statement
B. Payments on Income Statement
C. Assets on the Balance Sheet
D. Liabilities on the Balance Sheet

View Answer

Question 8

Earnings that have a cumulative amount and are not paid to the stockholder as a dividend is known as

A. Common Earnings
B. Preferred Earnings
C. Non-paid Earnings
D. Retained Earnings

View Answer

Question 9

A firm buys products but does not pay to suppliers instantly

A. Account Receivable
B. Account Payable
C. Accumulated Liabilities
D. Current Liabilities

View Answer

Question 10

On balance sheet, accruals, notes payables, and account payable are listed under which category?

A. Current Liabilities
B. Accumulated Liabilities
C. Noncurrent Liabilities
D. Accrued Liabilities

View Answer