📒Accounting MCQs
Accounting MCQs
397 MCQs391
Sales return is also known as____________?
AReturn received
BReturn Payed
CReturn inward
DReturn outward
392
reduction in price is called:
APaid price
BInvoice price
CBook price
DDiscount
393
Cash brought by the owner to start business is called__________?
ACapital
BLoan
CDrawing
DNone of these
394
The concession received on the price of defective goods is called:
ADiscount
BCash discount
CAllowance
DTrading discount
395
In support of business transaction, any written evidence is called ___________?
ADiscount
BVoucher
CAllowance
DPrice
396
If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage will be ____________?
📒AccountingBy: Lubaba Zarshal
A1200 units
B990 units
C1300 units
D1000 units
397
The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?
ADepreciation
BPhysical deterioration of the asset
CDecrease in market value of the asset
DValuation of an asset at a point of time