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Accounting MCQs with Answers

The normal spoilage is subtracted from total spoilage to calculate _____________?

April 20, 2025 by admin
A. abnormal spoilage
B. Gross weighted spoilage
C. inventoriable spoilage
D. partial spoilage
Categories Accounting MCQs with Answers Leave a comment

The residual material which results from manufacturing products is called ___________?

April 20, 2025 by admin
A. reduced work
B. spoilage
C. rework
D. scrap
Categories Accounting MCQs with Answers Leave a comment

An amount of spoilage that is natural in any particular production process is classified as ___________?

April 20, 2025 by admin
A. normal scrap
B. normal spoilage
C. abnormal spoilage
D. weighted spoilage
Categories Accounting MCQs with Answers Leave a comment

If the units of normal spoilage are 150 and the total good units manufactured are 1500, then the normal spoilage rate would be __________?

April 20, 2025 by admin
A. 14%
B. 15%
C. 10%
D. 12%
Categories Accounting MCQs with Answers Leave a comment

Cash discount is provided on _______________?

April 20, 2025 by admin
A. Purchases
B. Prompt payment
C. Sales
D. Sales returnhttps://www.zintego.com The correct answer to the question: "Cash…
Categories Accounting MCQs with Answers Leave a comment

For the business, capital is ____________?

April 20, 2025 by admin
A. Expense
B. Liability
C. financial assets
D. All of them What Is Capital? Capital is a…
Categories Accounting MCQs with Answers Leave a comment

LIFO stands for__________?

April 20, 2025 by admin
A. Lots in , Few out
B. Link input, Format Output
C. Last input, First Output
D. Last in, First OutThe correct answer to the question:…
Categories Accounting MCQs with Answers Leave a comment

The revenues and expenses of a company are displayed in which statement?

April 20, 2025 by admin
A. Balance Sheet
B. Cash Flow Statement
C. Income Statement
D. None of the aboveThe correct answer to the question:…
Categories Accounting MCQs with Answers Leave a comment

A systematic way to maintain the books of accounts is called_________?

April 20, 2025 by admin
A. Accountancy
B. Economics
C. Book Keeping
D. AuditingThe correct answer to the question: "A systematic way…
Categories Accounting MCQs with Answers Leave a comment

An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?

April 20, 2025 by admin
A. Accounting
B. Accountancy
C. Auditing
D. Book KeepingThe correct answer to the question: "An Art…
Categories Accounting MCQs with Answers Leave a comment
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