Accounting MCQs

1590 MCQs  (Page 146 of 159)

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In accounting, the resources sacrifice for achieving or fulfill specific objective is known as _________
A. Source cost
B. Sacrifice cost
C. Treated cost
D. Cost
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The cost which is related to specific cost object and cannot be economically traceable is classified as ________?
A. Line cost
B. Staff cost
C. Direct cost
D. Indirect cost
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The cost which remains unchanged, in proportion to level the total volume of production is classified as _________?
A. Total cost
B. Infeasible cost
C. Fixed cost
D. Variable cost
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The costs are classified as fixed or variable on the basis of __________?
A. Specific activity
B. Given time period
C. Common activity
D. Both a and b
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The cost, which is related to specific cost object and economically traceable, will be classified as _________?
A. Direct cost
B. Indirect cost
C. Line cost
D. Staff cost
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The cost which is changed in proportion to level the total volume is ___________?
A. Fixed cost
B. Variable cost
C. Total cost
D. Infeasible cost
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In accounting, the cost which is predicted to be incurred or future cost is known as ________?
A. Past cost
B. Incurred cost
C. Actual cost
D. Budgeted cost
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The process of tracing the direct costs and allocation of indirect costs is known as __________?
A. Cost assignment
B. Direct assignment
C. Indirect assignment
D. Economic assignment
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The process of assigning the indirect costs to any specific cost object is known as ___________?
A. Economic cost
B. Cost tracing
C. Cost allocation
D. Non-economic costs
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According to accounting system the collection of cost data, in an organized way is classified as ___________?
A. System accumulation
B. Accumulated data
C. Cost accumulation
D. Organized accumulation
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Word of the Day
22 Jul
Combative
ready or eager to fight or argue.
لڑاکا، متنازع، جھگڑالو

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