Question # 1

Doubtful debt are:

Choose an answer

Definite loss to the business

Definite profit to the business

Expected loss to the business

Expected profit to the business

How many types of inventories are in cost of goods sold statement?

Choose an answer

1

2

3

4

Which ratio tells how many times in a year stock is used up and replaced?

Choose an answer

Gross profit ratio

Net profit ratio

Cost ratio

None of these

The bills which are drawn and accepted against the sale and purchase of goods on credits are called

Choose an answer

Trade bills

Bill of exchange

In-land bills

Foreign bills

Which one is not a classification according to the accounting period?

Choose an answer

Capital expenditure

Revenue expenditure

Product cost

Administrative cost

Profit will be lower where prices are rising under

Choose an answer

FIFO method

LIFO method

Weighted average method

All of the above

Purchase Requisition is sent to

Choose an answer

Accounts department

Purchase department

Finance department

None of above

Provision of doubtful debts are also known as:

Choose an answer

Allowances for uncollectable

Allowances for collectable

Bad debts

None

The cost flow must watch the

Choose an answer

Output

Outflow

Inflow

Workflow

Office salaries are include in

Choose an answer

Direct material cost

Indirect material cost

Factory overhead cost

Total payroll

More Classes

Other Links

NAT II Management Science Finance & Accounting MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer