MTH-501 Quiz Online Test

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MTH-501 Quiz Online Test

  • Total Questions20

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MTH-501 Quiz Online Test

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Question # 1

The area of accounting concerned with reporting financial information to the interested parties is called

Question # 2

Cost incurred for the maintenance of shop in considered as

Question # 3

Word credit is derived from

Question # 4

Which of the following is NOT include in the specimen of a payment voucher?

Question # 5

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

Question # 6

Following are the inventories of Manufacturing Concern EXCEPT

Question # 7

In a balance sheet fixed asset is shown at

Question # 8

Gross profit>Operating expenses=?

Question # 9

The amount brought propritier in the business should be credited to

Question # 10

If the cost of the sales is Rs 60,000 are Rs 95,000 and opening expenses are Rs 20,000 during the year.What would be the net profit?

Question # 11

The stock of manufacturing concern consists of

Question # 12

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

Question # 13

The allocation of the cost of a tangible plant asset to expenses in the periods ,in which service are received from the asset is termed as

Question # 14

The asset which have limited useful life are termed as :

Question # 15

According to double entry system of accounting,an accounting that obtain benefit is

Question # 16

Bank reconciliation statement is :

Question # 17

A summarized record of transaction related to individual or things is called a

Question # 18

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

Question # 19

Which of the following account will be credit,if business sold goods for Rs 10,000 on credit?

Question # 20

The price paid for an item , in terms of currency is called

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