Accounting Mcqs

Page No. 41

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission


a6441


b5431


c7150


d5876


View Answer 7150

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission @ 11% after charging such commission.


a6441


b5431


c5431


d9876


View Answer 6441

Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.


a2,40,000


b2,10,000


c2,00,000


d1,80,000


View Answer 2,40,000

Which of these is not an operating income?


aIncome from sale of trading goods


bBad debts recovered


cInterest on FDs


dNone


View Answer Interest on FDs

Carriage on goods purchased is shown in:___________?


aProfit and Loss A/c


bCapitalized with work in progress


cTrading A/c


dShown in Balance Sheet


View Answer Trading A/c

Profit on sale of old plant is:___________?


aIn Trading A/c


bIn Profit and Loss Appropriation A/c


cProfit and Loss A/c


dBeing a non operating item ignored


View Answer Profit and Loss A/c

Depreciation Account appearing in the Trial Balance is shown in:


aProfit and Loss A/c


bTrading A/c


cDeducted from the concerned assets A/c


dShown on the liability side


View Answer Profit and Loss A/c

Closing stock appearing in the Trial Balance is shown in:


aTrading A/c and Balance Sheet


bProfit and Loss A/c


cBalance Sheet only


dTrading A/c only


View Answer Balance Sheet only

Closing entries are generally passed:


aAt the time of opening new books of account


bAt the time of closing the accounts


cDuring the course of accounting period any time


dAfter certification of accounts



Which of the following are current assets of a business? 0 i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income


aBoth (i) and (iv) above


bBoth (ii) and (iii) above


c(i),(ii) and (iii) above


d(ii),(iii),(iv) and (v) above



Goto Page No.

Page 41 of 71

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan