📒Accounting MCQs
Accounting MCQs
397 MCQs301
Warehouse rent is a part of _________?
📒AccountingBy: ALIYA NAWAZ
Aprime cost.
Bfactory cost.
Cdistribution cost.
Dproduction cost
302
Overhead cost is the total of ____________.
📒AccountingBy: ALIYA NAWAZ
Aall indirect costs.
Ball direct costs.
Cindirect and direct costs.
Dall specific costs
303
Direct cost incurred can be identified with_______________?
📒AccountingBy: ALIYA NAWAZ Direct cost incurred can be identified with each unit of output
AEach Department
BEach unit of output
CEach Month
DEach Executive
304
IFRS 9 explains about?
📒AccountingBy: Amir IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International A
AInventory
BAccounts Payable
CAccounts Receivable
DExpenses
305
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.
📒AccountingBy: Mubassir Khan
AAmortization
BLoan Payment
CLiability
DSecuritization
306
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
A1,600
B1,500
C1,000
D1,800 Updated by: Mohammad Ejaz Total Sales value =2000 Gross Profit =25 % of Sales = 25/100×2000 = 500 Gross Profit Cost of Goods = Total Sales – Gross Profit =2000-500 = 1500
307
A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
A18,387
B18,560
C18,750
D19,000
308
One of the most important tools in cost planning is__________?
ADirect cost
BCost Sheet
CBudget
DMarginal Costing.
309
A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is
A792
B820
C840
D864
310
Uncollected checks also referred as______________?
AUnpresented checks
BUncredited checks
COutstanding checks
DBounced checks