» Management Accounting solved MCQs

__do not give the returns during the same period during which they are paid for

Byadmin September 1, 2021

Question:

__do not give the returns during the same period during which they are paid for

Intangible assets

Fixed assets

Both (A) and (B)

None of the above

Answer» b. Fixed assets

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

» Fundamentals of Accounting solved MCQs

On receipt of goods from the consignor the consignee debits which of these accounts?

Question:

On receipt of goods from the consignor the consignee debits which of these accounts?

A.
Purchase account
B.
Goods account
C.
Consignor account
D.
None of the above
Answer» d. None of the above

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More On receipt of goods from the consignor the consignee debits which of these accounts?
» Fundamentals of Accounting solved MCQs

Cost of goods purchased for resale is an example of

Question:

Cost of goods purchased for resale is an example of

A.
Revenue expenditure
B.
Capital expenditure
C.
Deferred revenue expenditure
D.
None of the above
Answer» a. Revenue expenditure

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Cost of goods purchased for resale is an example of
» Management Accounting solved MCQs

Who coined the concept of management accounting?

Question:

Who coined the concept of management accounting?

A.
R.N Anthony
B.
James H. Bliss
C.
J. Batty
D.
American Accounting Association
Answer» b. James H. Bliss

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Who coined the concept of management accounting?
» Fundamentals of Accounting solved MCQs

Difference in Bank Balance as per Pass book and Cash book may arise on account of

Question:

Difference in Bank Balance as per Pass book and Cash book may arise on account of

A.
Cheque issued but not presented
B.
Cheque issued but dishonoured
C.
Cheque deposited not credited by bank
D.
All of the above
Answer» d. All of the above

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Difference in Bank Balance as per Pass book and Cash book may arise on account of
» Fundamentals of Accounting solved MCQs

Amount set apart to meet loss due to bad debt is a

Question:

Amount set apart to meet loss due to bad debt is a

A.
Provision
B.
Appropriation
C.
Reserve
D.
Commission
Answer» a. Provision

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Amount set apart to meet loss due to bad debt is a
» Entrepreneurship solved MCQs

———————- entrepreneurs are motivated by psychological and economic rewards.

Question:

———————- entrepreneurs are motivated by psychological and economic rewards.

A.
Professional
B.
Pure
C.
Induced
D.
None of these.
Answer» b. Pure

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More ———————- entrepreneurs are motivated by psychological and economic rewards.

__do not give the returns during the same period during which they are paid for

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On receipt of goods from the consignor the consignee debits which of these accounts?

Cost of goods purchased for resale is an example of

Who coined the concept of management accounting?

Difference in Bank Balance as per Pass book and Cash book may arise on account of

Amount set apart to meet loss due to bad debt is a

———————- entrepreneurs are motivated by psychological and economic rewards.