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MCQ's Test For MGT-101 Final Term Exams Preparation Virtual University

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MGT-101 Final Term Exams Preparation Virtual University

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Question # 1

Accountancy cover which of the following series

Question # 2

Which of the following account will be credited if business purchased a vehicle on cash?

Question # 3

In cost of goods sold statement the total factory cost is equal to

Question # 4

In which of the following condition a company will have positive working capital?

Question # 5

Which of the following is the example of direct material cost?

Question # 6

The favourable balance of profit and loss account should be:

Question # 7

Cost incurred for the maintenance of the shop is considered as

Question # 8

Double entry accounting system include:

Question # 9

Which of the following is non profit-able organization?

Question # 10

What would be the affects on component of the accounting equation if goods are purchased on cash?

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