Question # 1

Assets which have to no market value are called

Choose an answer

Fictitious assets

Liquid assets

Intangible assets

Real assets

According to possible for an event or transaction which is not measurable in terms of money

Choose an answer

True

False

May be

None

A cost whose magnitude will be affected by decision being made is called

Choose an answer

Historical cost

Relevant cost

Irrelevant cost

Sunk cost

Manufacturing concern cycle is ---------- than trading concern cycle:

Choose an answer

Shorter

Greater

Medium

None of above

Work in process opening and closing inventory includes:-

Choose an answer

Arterial in process

Labour in process

F.o.H in process

All of the above

In payroll include the remunerations of

Choose an answer

Direct labour

Indirect labour

Both a & b

None of the above

Good received note is prepared by

Choose an answer

Purchase department

Sales department

Receiving department

All of the above

The objective of financial accounting is to ascertain:

Choose an answer

True results of profit

True results of loss

True results of profit or loss

None

Costs whose consumption may be identified with specific production units in called

Choose an answer

Direct labour cost

Indirect labour cost

Direct material cost

Indirect material cost

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

What are accrued expenses?

Choose an answer

The expenses that have been incurred during current year and paid till the end of current year

The expenses that have been incurred previous year and paid in the current year

The expenses that have been incurred during current year and not paid till the end of current year

The expenses that have been incurred previous year and not paid till the end of current year

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

Choose an answer