Accounting MCQs with Answers

If the Gross profit is Rs. 5,000 and the net profit is 25% of the Gross profit. The expenses?

1. Rs. 3,750
2. Rs. 1,250
3. Rs. 4,150
4. Rs. 6,250

In independent projects evaluation, results of internal rate of return and net present value lead to

1. cash flow decision
2. cost decision
3. same decisions
4. different decisions

In ___ the owner is personally liable for the debts of the business.

1. Public unlisted company
2. Financial statement
3. Private limited company
4. Sole proprietorship

A firm has a total cost of rs 7000 and variable cost rs 6000 for such unit product . what is the fixed cost?

1. 1000
2. 4000
3. 8000
4. 9000

The number whose 3% is 60, is ___ .

1. 2000
2. 3000
3. 6000
4. None of these

Cost of Goods sold is classified as which type of account?

1. Asset
2. Liability
3. Revenue
4. Expense

Who is known as father of E-mail ?

1. David Ricardo Malthus
2. Thomas
3. Ray Tomlinson
4. None

In capital budgeting, term of bond which has great sensitivity to interest rates is

1. long-term bonds
2. short-term bonds
3. internal term bonds
4. external term bonds

the term electronic cash is to execute payment through?

1. cheque
2. credit card
3. ATM
4. using computer over a network

A final statement is a means of communicating information about an enterprise in ___ terms.

1. Import
2. Export
3. Financial
4. None