CSS Forums - how to prepare mcqs of accounting

[QUOTE=maryamkhakwani;902035]can somebody please guide as to how to prepare the mcqs of accounting?
these are usually of 40 marks, so it cant really be ignored.
please guide, thanks.[/QUOTE]
AOA, If you want to prepare MCQs of Accounting efficiently then your accounting concepts and accounting principles must be strong. For Example: I will mention some basics of accounting here:
1. The objective of accounting is to prepare financial statements and communicate financial results.
2. Financial statements means: a. Profit and Loss Account, b. Balance Sheet,
c.Statement of cash flow, d. Statement of Changes in Equity d. explanatory notes thereof
3. Profit and loss account shows financial performance of a company
4. Balance Sheet shows financial position of a company
5. Cash flow statement shows opening balance of cash, inflow of cash, out flow of cash and closing balance of cash.

Now based on the above concepts many MCQs can be framed. Therefore, you must have solid your concepts first and then do some practice of MCQs.

If you want to gain on MCQs then focus on concepts with reasonable practice of MCQs. On the other hand, If you want to gain in subjective then do focus on practice of questions again and again.

Accounting MCQs need Solid Concepts and Accounting Subjective Paper need substantial practice.
I hope you will get the idea i want to express.