These Punjab Patwari Accounts MCQ are very helpful to crack the accounts section of this exam. These questions are important and extra information helps to understand the concept. Moreover, Some of these questions have been asked in Government Exams in India.
01. Accounting is a Language of (Asked in Exams)
- Profit
- Liabilities
- Assets
- Business
02. International Accounting Standards Committee (IASC) replaced on April 1, 2001, by: (Asked in Exams)
- International Accounting Standards Board
- International Accounts Standards Board
- Worldwide Accounting Standards Board
- Global Accounting Standards Board
03. The Audire is a Latin word. The word Audire is used to derive the word ‘Audit’ in Accounting. What is the mean of Audire : (Asked in Exams)
- To Check
- To Help
- To Hear
- To Speak
04. Which of the following option define “A VOUCHER”? (Asked in Exams)
- To find an error in accounts
- A piece of documentary evidence that supports a transaction in the business.
- A non-monetary transaction
- Proof of Profit.
05. Profit & Loss Account is also known as: (Important)
- Asset Account
- Balance Sheet Statement
- Capital Account
- Income and Expenditure Account
06. Goodwill is in accounts is a/an: (Asked in Exams)
- An intangible Asset
- A tangible Asset
- A Market Account
- A Personal Account
07. The father of Accounting is Mr. Luca Pacioli. Which country does he belong to? (Asked in Exams)
- Italian
- American
- British
- Canadian
08. Accounting is very popular in the Modern Era. Which type of Accounting System is used in this era? (Important)
- Single Entry Book Keeping
- Double-Entry Book Keeping
- Triple Entry Book Keeping
- None of the above
09. In Accounting, Journal is also known as ‘Day Book’ or Book of Original Entry. In simple words, Journal meaning in accounting is? (Important)
- Recording
- Classifying
- Summarizing
- All of the above
10. Loss of Goods with fire or spoilage will be treated as _________ in Accounts? (Important)
- Normal Loss
- Fire Loss
- Abnormal Loss
- Both B & C

Hi, I’m Sandeep Singh. I am a Post-Graduate who has two years’ experience as a Competitive Exams Teacher. I cracked many exams of Punjab Govt. Jobs in India. And, Teaching is my passion. I love to teach.
please provide more questons of accounts
Punjab Patwari Exam does not have the accounts syllabus in the 2021 exam.
Thank you sir for the clear doubt
R u sure