Question # 1

The cost flow must watch the

Choose an answer

Output

Outflow

Inflow

Workflow

Doubtful debts are shown on:

Choose an answer

Profit side of statement of profit and loss

Liabilities side of balance sheet

Asset side of balance sheet

Not shown anywhere

Excess of assets over liabilities is known as:

Choose an answer

Capital fund

Accumulated fund

Surplus fund

All options are correct

Per Unit cost is calculated by dividing the cost of goods sold by

Choose an answer

The number of units sold

The number of units purchase

The number of units manufactured

All of the above

Outstanding expenses are also known as

Choose an answer

Prepared expenses

Accrued expenses

Un-earned income

None

What are bad debts?

Choose an answer

Debts which are irrecoverable from the debtors

Debts which are recoverable from the debtors

Debts which are irrecoverable from the creditors

Debts which are recoverable from the creditors

The cost flow must match the

Choose an answer

Output

Outflow

Inflow

Workflow

Work in process opening and closing inventory includes:-

Choose an answer

Arterial in process

Labour in process

F.o.H in process

All of the above

The stages of accounting cycle are

Choose an answer

Transaction-ledger-journal-trial balance-final accounts

Transaction-journal-ledger-trial balance-final accounts

Transaction-journal-trial balance-ledger-final accounts

Transaction-journal-ledger-final accounts-trial balance

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

Choose an answer

Unit

Center

Driver

Sheet

Doubtful debt are:

Choose an answer

Definite loss to the business

Definite profit to the business

Expected loss to the business

Expected profit to the business

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

Choose an answer