Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Depreciation of plant and machinery is a part of ___________

  • Distribution overhead
  • Factory overhead
  • Selling overhead
  • Administration overhead
  • b
  • Depreciation Function is applied on Fixed Assets on yearly basis until value decreased to zero.
    Fixed Assets examples are Buildings, Furniture, Office Equipment, Machinery and etc.

View More Details >>
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

The distinction between revenue account and capital account is necessary for the preparation of:

  • Cash flow statement
  • Receipt and payment account
  • Final accounts
  • Funds flow statements
  • c
  • There are four major types of Capital Account which are Working Capital, Debt, Equity and Trading Capital.
    Revenue Account is that account which in which revenue earned by companies operations and business activities.

View More Details >>