Accounting MCQs

1590 MCQs  (Page 51 of 159)

Attempt Accounting MCQs Quiz
The closing balance of petty cash book is considered as_________?
A. liability
B. asset
C. expenses
D. income
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A credit balance in cash book indicates?
A. bank balance
B. cash at bank
C. bank overdraft
D. bank underdraft
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Which of the following is not type of engagement standard?
A. Standards on auditing
B. Standard on quality control
C. Standards on review engagement
D. Standards on assurance engagement
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How many Standards on Auditing have been issued?
A. 32
B. 34
C. 36
D. 38
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Auditing engagement can be performed w.r.t.
A. Profit making entity
B. Non-profit making entity
C. Corporate entity only
D. Any entity
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Scope of financial audit is__________?
A. Financial information
B. Non-financial information
C. Both (a) and (b)
D. None of these
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The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.
A. Amortization
B. Loan payment
C. Liability
D. Securitization
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IFRS 9 explains about?
A. Inventory
B. Accounts payable
C. Accounts receivable
D. Expenses
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Direct cost incurred can be identified with_______________?
A. Each department
B. Each unit of output
C. Each month
D. Each executive
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Overhead cost is the total of ____________.
A. All indirect costs.
B. All direct costs.
C. Indirect and direct costs.
D. All specific costs
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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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