More Classes

5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject

MGT-101 Final Term Exams Preparation Virtual University MCQs With Answers

Question # 1

Under the reducing balance method of depreciation :

Choose an answer

Amount of depreciation increase every year

Amount of depreciation remains constant for every year

Amount of depreciationdecrease every year

Skip

Question # 2

Accrued expenses are the example of

Choose an answer

Current liability

Long term liability

Capital expenses

Skip

Question # 3

Which of the following is not depreciated?

Choose an answer

factory building

office equipment

Plant

Land

Skip

Question # 4

The amount of depreciation charged on machinery will be debited to:

Choose an answer

machinery account

depreciation account

cash account

Skip

Question # 5

Which of the following is the example of direct material cost?

Choose an answer

Polish and finish material for chair

A piece of wood for the production of wood

Production worker wages

Depreciation expenses

Skip

Question # 6

A decrease in value of a fixed asset due to age ,wear and tear is known as

Choose an answer

depreciation

accumulated depreciation

WDV

Skip

Question # 7

Gross profit>Operating expenses=?

Choose an answer

Net profit

Cost of loss sold

Net loss

Gross loss

Skip

Question # 8

An estimate of the income and expenses needed to carry out business plans for a fiscal year is known as :

Choose an answer

Budgeting

costing

Management

Auditing

Skip

Question # 9

Accrued expenses are the example of

Choose an answer

Current liabilities

Long term liabilities

Capital expenses

Skip

Question # 10

Income of the business includes:

Choose an answer

Cash sales only

Credit sales only

Credit purchase only

Both cash sales and credit sales

Skip

Question # 11

Which of the following account balance will be shown on debit side of trail balance ?

Choose an answer

Capital account

Sundry credit accounts

Cash account

Skip

Back