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Accounting MCQs with Answers

One of the most important tools in cost planning is__________?

April 20, 2025 by admin
A. Direct cost
B. Cost Sheet
C. Budget
D. Marginal Costing.
Categories Accounting MCQs with Answers Leave a comment

A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?

April 20, 2025 by admin
A. 18,387
B. 18,560
C. 18,750
D. 19,000
Categories Accounting MCQs with Answers Leave a comment

Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?

April 20, 2025 by admin
A. 1,600
B. 1,500
C. 1,000
D. 1,800Updated by: Mohammad EjazTotal Sales value =2000Gross Profit =25…
Categories Accounting MCQs with Answers Leave a comment

The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.

April 20, 2025 by admin
A. Amortization
B. Loan Payment
C. Liability
D. Securitization
Categories Accounting MCQs with Answers Leave a comment

Direct cost incurred can be identified with_______________?

April 20, 2025 by admin
A. Each Department
B. Each unit of output
C. Each Month
D. Each ExecutiveDirect cost incurred can be identified with each…
Categories Accounting MCQs with Answers Leave a comment

Overhead cost is the total of ____________.

April 20, 2025 by admin
A. all indirect costs.
B. all direct costs.
C. indirect and direct costs.
D. all specific costs
Categories Accounting MCQs with Answers Leave a comment

Warehouse rent is a part of _________?

April 20, 2025 by admin
A. prime cost.
B. factory cost.
C. distribution cost.
D. production cost
Categories Accounting MCQs with Answers Leave a comment

Tender is an_____________?

April 20, 2025 by admin
A. estimation of profit.
B. estimation of cost.
C. estimation of selling price.
D. estimation of units.
Categories Accounting MCQs with Answers Leave a comment

Depreciation fund method is also known as__________?

April 20, 2025 by admin
A. Sinking Fund Method
B. Annuity Method
C. Sum of Year Digits Method
D. None of these
Categories Accounting MCQs with Answers Leave a comment

Non Trading institution prepare:______________?

April 20, 2025 by admin
A. profit and loss account
B. Manufacturing account
C. Income and Expenditure Account
D. Cost of good sold
Categories Accounting MCQs with Answers Leave a comment
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