Question # 1

Endorsement is made:

Choose an answer

For settlement of debts

For settlement of income

For settlement of profit

None

The technique and process of ascertaining cost is termed as

Choose an answer

Costing

Cost accounting

Calculation of cost

Controlling cost

Good received note is prepared by

Choose an answer

Purchase department

Sales department

Receiving department

All of the above

A property which is received by virtue of a will of a person after his death is known as

Choose an answer

Legacy

Donation

Subscription

Gift

In job order costing system, each job is assigned a job cost

Choose an answer

Unit

Center

Driver

Sheet

Depreciation is a loss due to wear and tear of an asset.

Choose an answer

Correct

Incorrent

May be

None

Office salaries are include in

Choose an answer

Direct material cost

Indirect material cost

Factory overhead cost

Total payroll

A credit purchases are:

Choose an answer

If goods purchased and payment made at the same time

If goods purchased and payment not made at the same time

If goods sold and payment receive at the same time

If goods sold and payment not receive at the same time

Treble column cash book has three columns of:

Choose an answer

Cash, bank and discount

Income, expense and bank

Cash, bank and profit or loss

None

Depreciation expenditure is a

Choose an answer

Fixed cost

Variable cost

Semi-variable cost

Step fixed cost

More Classes

Other Links

NAT II Management Science Finance & Accounting MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer