📒Accounting MCQs
Accounting MCQs
397 MCQs291
From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission @ 11% after charging such commission.
A6441
B5431
C7654
D9876
292
Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.
A2,40,000
B2,10,000
C2,00,000
D1,80,000
293
Which of these is not an operating income?
AIncome from sale of trading goods
BBad debts recovered
CInterest on FDs
DNone
294
Carriage on goods purchased is shown in:___________?
AProfit and Loss A/c
BCapitalized with work in progress
CTrading A/c
DShown in Balance Sheet
295
Profit on sale of old plant is:___________?
AIn Trading A/c
BIn Profit and Loss Appropriation A/c
CProfit and Loss A/c
DBeing a non operating item ignored
296
If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.
A8,000 units
B11,000 units
C10,000 units
D9,000 units
297
Consider the following data pertaining to the production of a company for a particular month :
A65,025
B94,287
C95,020
D1,52,624
298
A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be
A37.50
B38.25
C24.00
D35.00
299
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
A0.65
B0.35
C1.50
D5.29
300
In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?
A, statement (i)
B, combination of (ii) and (iv)
CBoth (i) and (iii) above
Dcombination of (i) and (iv) are incorrect.