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Accounting MCQs with Answers

The after-tax average cost of the funds used by company in long run is equal to __________?

April 20, 2025 by admin
A. weighted average cost of capital
B. economic value added
C. after-tax operating income
D. net income
Categories Accounting MCQs with Answers Leave a comment

An economic value added method is specific type of method to calculate _____________?

April 20, 2025 by admin
A. net income
B. nominal income
C. residual income
D. residual investment
Categories Accounting MCQs with Answers Leave a comment

The rupee amount for required return of investment is subtracted from income to calculate _____________?

April 20, 2025 by admin
A. net income
B. after tax income
C. residual income
D. operating income
Categories Accounting MCQs with Answers Leave a comment

The formal information systems, used in organizations to focus company’s learning and attention, given to the most important strategic issues are known as ____________?

April 20, 2025 by admin
A. interactive control system
B. belief systems
C. boundary systems
D. diagnostic control systems
Categories Accounting MCQs with Answers Leave a comment

The total available assets are subtracted from idle assets to calculate

April 20, 2025 by admin
A. market equity
B. total assets employed
C. total assets available
D. stockholders’ equity
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The costing system, which is a combination of process costing and job costing system, is classified as __________?

April 20, 2025 by admin
A. weighted costing system
B. average costing system
C. hybrid costing system
D. double costing system
Categories Accounting MCQs with Answers Leave a comment

The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as ____________?

April 20, 2025 by admin
A. incremental costing system
B. split off costing system
C. inventoriable costing system
D. operation costing system
Categories Accounting MCQs with Answers Leave a comment

The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as __________?

April 20, 2025 by admin
A. conversion process
B. operation
C. hybridization
D. both a and b
Categories Accounting MCQs with Answers Leave a comment

In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

April 20, 2025 by admin
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method
Categories Accounting MCQs with Answers Leave a comment

The first step in process costing system is to ___________?

April 20, 2025 by admin
A. summarize flow of output
B. compute output in units
C. summarize total costs
D. compute cost for each equivalent unit
Categories Accounting MCQs with Answers Leave a comment
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