How to Answer Accouting MCQs Correctly and Fast

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multiple choice questions on accounting

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Here is a sample accounting MCQ:

The company has collected money from its debtors by cheque. What is the effect on assets and liabilities?

Effect Upon Assets Effects Upon Liabilities

a. Reduce Bank Reduce Debtors

b. Increase Bank Decrease Debtors

c. Increase Cash Increase Creditors

d. None of the Above

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How to Answer Accouting MCQs Correctly and Fast
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