Accounting MCQs

1590 MCQs  (Page 49 of 159)

Attempt Accounting MCQs Quiz
The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
A. Direct cost
B. Variable cost
C. Commercial cost
D. Conversion cost
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Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is
A. 111%
B. 120%
C. 95%
D. 117%
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Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?
A. Crane hours
B. Crane value
C. Truck mileage
D. Truck value
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Petty cash fund is supposed to be replenished?
A. every day
B. every half year
C. every year
D. at the end of every accounting period
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Postdated checks are considered as__________?
A. cash
B. bank balance
C. accounts receivable
D. cash reserve
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Which of the following is generally not the party to a check?
A. payee
B. payer
C. bank
D. seller
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Cash book with cash and discount column is mostly referred as________?
A. simple cash book
B. two column cash book
C. three column cash book
D. petty cash book
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A simple or one column cash book usually has which of the following main columns?
A. bank
B. payments
C. discount
D. cash
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Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
A. receipts
B. payments
C. incomes
D. expenditures
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Postage stamps on hand are considered as_________?
A. bank
B. prepaid expenses
C. accounts receivable
D. creditor
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Word of the Day
16 Jul
Volatile
(of a substance) easily evaporated at normal temperatures.
بدلتے مزاج والا، کافور صفت

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