Financial Accounting Mock Test

Refer to Financial Accounting Mock Test below. Students of BCom Financial Accounting can do the below online test and refer to the full list of free Financial Accounting BCom Mock Online Test provided below. These online Mock tests for BCom Financial Accounting have been designed based on the pattern of questions expected to come in the upcoming examinations and the latest syllabus. This Financial Accounting Mock Test is a free online mock practice test based on the important multiple choice questions (MCQs) from your BCom syllabus. The test for the topic Financial Accounting includes a series of carefully selected questions with four options each as you can see below. Whether you’re a first-year, second-year, or final-year BCom student, this test will help you revise key questions that are likely to appear in your semester exams or university assessments.

Online Mock Test for BCom Financial Accounting

In the Mock test for BCom Financial Accounting you can see the list of questions below with options out of which you have to select one correct answer and after completing the test you can check your answers and score. This mock test will help students to check understanding of all topics in Financial Accounting. Mock tests for Financial Accounting are a proven way to boost BCom exam performance. The more you practice, the more confident you become in your exams. Our BCom: Financial Accounting Online Mock Test will help you understand the subject better and prepare for exams more effectively

BCom Financial Accounting Mock Test

1. What are the features of a computerized accounting system? Sol:

2. Which of the following is not a not-for-profit organisation ? Sol:

3. Interest on debenture is

4. What are the types of a computerized accounting system? Sol:

5. Method of codification should be

6. What is not an advantage of a computerized accounting system. Sol:

7. If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for :

8. If a part of the issue of share or debenrues is underwritten, it is termed as__________________-

9. What are the advantages of tailor-made software? Sol:

10. In the balance sheet of a company , the discount on issue of debentures is shown under which heading

11. All receipts from sale of consumable items are treated as: Sol:

12. Advance payment of tax is in the nature of

13. Which of the following is not an income ? Sol:

14. Pooling of interest' is a method of_____________________

15. Following businesses generally require customised software: Sol:

16. Such systems also generate reports which allow the accounting professionals to have a proper view of different transactions in a comprehensive manner.

17. The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________

18. The ____of a vendor is also an important factor to consider while opting for a computerized accounting software

19. This software is a package which is used for managing the entire organisation in a comprehensive.

20. Donation received for a special purpose: Sol:

21. Payment of honorarium to secretary is treated as : Sol:

22. Subscription received by an organisation is: Sol:

23. Legacies should be treated as Sol:

24. In not-for-profit organisation, excess of expenditure over income is called : Sol:

25. Not-for-profit organisations are based on___theory. Sol:

26. Income and expenses related to the prize fund is shown in: Sol:

27. Features of computerised accounting system Sol:

28. Which of the following is not a not-for-profit organisation: Sol:

29. Receipts and Payments Account is a : Sol:

30. Out of the following items, which one is shown in the Receipts and Payments Account? Sol:

31. What are the features of computerized accounting software? Sol:

32. Final account subsystem in Accounting Information System (AIS) deals with Sol:

33. When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.

34. Receipts and Payments A/c is a summary of: Sol:

35. What are the factors to be considered while source accounting software? Sol:

36. Codification of Accounts required for the purpose of:

37. Control unit works as ___________ of the computer. Sol:

38. Capital fund is calculated: Sol:

39. _________ is the systematic assignment of number to items to classify and organise them. Sol:

40. Pick the odd one out Sol:

41. The individual field in the sheet is known as a _________. Sol:

42. Accounting softwares available are Sol:

43. Such kind of software offers various functionalities such as cell content, pivot table, formulas and macros.

44. In case specific fund is maintained, the expenses exceeding the amount of the fluids, should be recorded on:

45. In the balance sheet of a company, debentures are shown under which heading

46. If the remuneration to liquidator is payable as a percentage of collection_______________

47. Income and Expenditure Account is prepared : Sol:

48. Sale of old newspapers is: Sol:

49. Software must be easy to___ Sol:

50. Goodwill is a

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BCom Mock online test Financial Accounting

The above link for Financial Accounting Mock Test will help you to check your understanding of all important concepts which have been prepared based on latest BCom syllabus. The free online mock tests for Financial Accounting should be used by BCom students to check their understanding. We bring here the biggest collection of Financial Accounting BCom MCQ Test to help you prepare properly and get highest rank in exams. Students can attempt the mock tests for BCom as many number of times as these mock online tests for BCom Financial Accounting have been developed by our teachers after thorough review of the latest book and based on pattern of questions in upcoming exams.

How to improve your preparation with BCom Financial Accounting Mock Test?

The Financial Accounting mock online tests for BCom has been designed by our teachers to improve your understanding of this chapter. These online mock tests are structured so that it feels like real exam condition for students so that they can build their confidence and accuracy of answers. By daily practicing these MCQ based questions for BCom with answers students will be able to identify key topics to focus on and improve performance. The mock tests have been updated as per the latest NCERT book for BCom to help in your exam preparation.

Why choose to do Financial Accounting Mock Test?

Daily practicing the Financial Accounting mock tests for BCom has several benefits as they help to familiarize students with important concepts and effective time management skills. Each mock test for chapter Financial Accounting given above includes a variety of questions that  have been selected from Question Papers for BCom and cover all important topics so that you have full preparation. After completing the Financial Accounting Mock Test, students can review the answers to identify mistakes and improve further. Access these free online mock tests anytime and take a step closer to achieving excellence in your BCom exams.

How to do Mock Test for BCom Financial Accounting?

Follow these simple steps to attempt the test:
a. The Financial Accounting Mock Test has 30-50 questions for students as per BCom Sample Papers pattern.
b. Each Financial Accounting question has four options, students of must read the question carefully and choose the correct answer.
c. Answer all questions given above for Financial Accounting Mock Test.
d. Once you have answered all the Financial Accounting MCQ based questions, click on the Submit button.
e. Your score of Online test for Financial Accounting Mock Test will be shown instantly above.
f. To check your mistakes in MCQ based test for Financial Accounting in BCom for , scroll up and see the correct answers.
g. You can attempt the Financial Accounting Mock Test as many times to improve your score in BCom exams.

Are these BCom mock tests free?

Yes, all BCom Online Mock Tests are completely free for students.

How many times can I attempt a BCom online test?

There is no limit to the number of attempts and you can practice BCom online tests as many times as you want.

Do I need to sign up to take the BCom tests?

No, no signup is required to attempt our BCom mock tests and direct access is available.

Can I access these tests for BCom on mobile devices?

Yes, our platform is mobile-friendly and you can do BCom online mock tests anytime, anywhere.

Are the BCom questions updated regularly?

Yes, we continuously update our BCom question bank to align with the latest syllabus and exam patterns.