Question # 1

Accounts which are related with properties are known as

Choose an answer

Real accounts

Nominal accounts

Property accounts

A and C are correct Accounting principles:

In bill of exchange, the party who accepts a bill is known as:

Choose an answer

Drawer

Drawee

Payee

Third party

Which one is not accounting convention?

Choose an answer

Materiality

Full disclosure

Consistency

Going concern

Cost which is calculated before manufacture operation is called

Choose an answer

Sunk cost

Mixed cost

Standard cost

None of above

Cash or goods taken away by owner for personal use from business are known as:

Choose an answer

Capital

Drawings

Revenue

Expense

Petty cash book is a book which record

Choose an answer

Assets

Liabilities

Large payments

Small payments

Manufacturing concern cycle is ---------- than trading concern cycle:

Choose an answer

Shorter

Greater

Medium

None of above

How many types of bank accounts are there?

Choose an answer

4

3

5

6

In payroll include the remunerations of

Choose an answer

Direct labour

Indirect labour

Both a & b

None of the above

Difference in cost of alternative choices is called

Choose an answer

Total costing

Differential costing

Full costing

Variable costing

Dishonor of the bill occurs when:

Choose an answer

The drawer refuse to pay

The acceptor refuses to meet the bill on due date

The endorsee accepts to meet the bill

None

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