- 40
- 50
- 60
- 70
- b
-
Minimum members / partners of Private Company are 02 and maximum should be 50.
The audit of Private Company is not Compulsory.
Accounting MCQs
Accounting MCQs are included in this portion of ETEST Website.All Accounting MCQs are solved with short detail. ETEST Team updates ETEST Website on daily basis.
How many types of Depreciation?
- 05
- 06
- 07
- 08
- a
-
Straight Line Method
Annuity Method
Depreciation Fund Method
Revalution Method
Reducing Method
Financial Market include:
- Physical Asset Market
- Primary Market
- Capital Market
- All of the above
- d
-
A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded.
Long period of bond maturity leads to:
- Standing Prices
- Stable Prices
- More Price Change
- Mature Prices
- c
Life that maximizes net present value of an asset is classified as:
- Minimum Life
- Economic Life
- Transaction Life
- Present Value Life
- b
Pension is a periodical payment to the Government Servant after ….. By Government.
- Retirement
- Resign
- Dismiss
- Corruption
- a
-
There are four types of Pension:
Compensation Pension
Invalid Pension
Superannuation Pension
Retiring Pension
Journal means:
- Monthly
- Daily
- Weekly
- None of above
- b
-
The Journal is a French language word and derived from “Jour” which means day. Therefore, the meaning of Journal is daily.
Transactions are recorded on daily basis in Journal.
An Accounting Cycle consist of how many steps?
- 03
- 04
- 05
- 06
- c
-
Transaction
Journal
Ledger
Trial Balance
Final Account
Prepaid Expense is also called …. Before using it.
- Current Asset
- Capital
- Liability
- Drawings
- a
-
Prepaid Expenses are those expenses which are paid in advance for example Rent, Mobile Load, Insurance and Etc.
Sum of cash and goods invested in the business by the owner is called:
- Liability
- Capital
- Asset
- None of these
- b
-
There are six types of capital :
Trading Capital
Fixed Capital
Circulating Capital
Working Capital
Loan Capital
Watered Capital
