Try the MTH-501 Quiz Online Test.
Total Questions20
Time Allowed20
Ch. # | Test Name | MCQs Available | PDF File | Answers Mode | Launch Test |
---|---|---|---|---|---|
1 | MGT-101 Final Term Exams Preparation Virtual University | 89 | Download PDF | MCQ Answers | Launch Test |
1 | MTH-501 Quiz Online Test | 89 | Download PDF | MCQ Answers | Launch Test |
Here you can prepare mth-501 Test. Click the button for mth-501 100% free full practice test.
Sr. # | Questions | Answers Choice |
---|---|---|
1 | In an account if credit< debit side then the balance is known as | Negative Balance Debit Balance Positive Balance Credit Balance |
2 | The cost of moving planet and machinery to a new site will be treated as: | Revenue expenses Capital expenses Operating expenses Administrative expenses |
3 | Which of the following account balance will be shown on debit side of trail balance ? | Capital account Sundry credit accounts Cash account |
4 | Which one of the following is equal to the carrying cost of an asset? | original cost minus accumulated depreciation original cost plus accumulated depreciation original cost minus residual value |
5 | Firms chargers depreciation each year : | To ensure there is enough money in the firm to replace the asset To spread the cost of the asset over its working life Because the law state must be reduced |
6 | Which of the following is non profit-able organization? | Partnership Trust Limited Company |
7 | Which one of the following is CORRECT about closing stock? | It appears in the asset side of the balance sheet it decrease the value of cost of goods sold It becomes the opening stock of the next year All of the above |
8 | Accrued expenses are the example of | Current liability Long term liability Capital expenses |
9 | The total of all cost incurred to convert raw material into finished goods is known as : | Prime cost Conversion cost Sunk cost |
10 | We can say that business in profit when | Assets exceeds expenditure Assets exceeds liabilities income exceeds expenditure income exceeds liabilities |