Non Trading institution prepare:______________?
Non Trading institution prepare:______________? A. profit and loss account B. Manufacturing accountC. Income and Expenditure Account D. Cost of good sold
Accounting MCQs / Q&A
Depreciation fund method is also known as__________?
Depreciation fund method is also known as__________? A. Sinking Fund Method B. Annuity Method C. Sum of Year Digits Method D. None of these
Audit fess is a part of__________.
Audit fess is a part of__________. A. works on cost. B. selling overhead. C. distribution overhead.D. administration overhead
Tender is an_____________?
Tender is an_____________? A. estimation of profit. B. estimation of cost.C. estimation of selling price. D. estimation of units.
Warehouse rent is a part of _________?
Warehouse rent is a part of _________? A. prime cost. B. factory cost.C. distribution cost. D. production cost
Overhead cost is the total of ____________.
Overhead cost is the total of ____________. A. all indirect costs. B. all direct costs. C. indirect and direct costs. D. all specific costs
Direct cost incurred can be identified with_______________?
Direct cost incurred can be identified with_______________? A. Each DepartmentB. Each unit of output C. Each Month D. Each Executive Direct cost incurred can be identified with each unit of output. Direct costs (such as for labor, material, fuel or…
IFRS 9 explains about?
IFRS 9 explains about?A. Inventory B. Accounts Payable C. Accounts Receivable D. Expenses IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments.
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.
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
Which of these is a Part of cash in hand?
Which of these is a Part of cash in hand? A. Postage stamps(Correct) B. B/R C. Cheque Deposited with Bank D. B/R endorsed