Accounting MCQs

1590 MCQs  (Page 52 of 159)

Attempt Accounting MCQs Quiz
Warehouse rent is a part of _________?
A. Prime cost.
B. Factory cost.
C. Distribution cost.
D. Production cost
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Tender is an_____________?
A. Estimation of profit.
B. Estimation of cost.
C. Estimation of selling price.
D. Estimation of units.
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Audit fess is a part of__________.
A. Works on cost.
B. Selling overhead.
C. Distribution overhead.
D. Administration overhead
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Depreciation fund method is also known as__________?
A. Sinking fund method
B. Annuity method
C. Sum of year digits method
D. None of these
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For the business, capital is ____________?
A. Expense
B. Liability
C. Financial assets
D. All of them
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Non Trading institution prepare:______________?
A. Profit and loss account
B. Manufacturing account
C. Income and expenditure account
D. Cost of good sold
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Credit purchase of plant and machinery is recorded in which of the following journals?
A. General journal
B. Cash journal
C. Purchase journal
D. Purchase return journal
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An amount of spoilage that is natural in any particular production process is classified as ___________?
A. Normal scrap
B. Normal spoilage
C. Abnormal spoilage
D. Weighted spoilage
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The residual material which results from manufacturing products is called ___________?
A. Reduced work
B. Spoilage
C. Rework
D. Scrap
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The normal spoilage is subtracted from total spoilage to calculate _____________?
A. Abnormal spoilage
B. Gross weighted spoilage
C. Inventoriable spoilage
D. Partial spoilage
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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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