- Gross Daily Production
- General Domestic Product
- Gross Domestic Purchase
- Gross Domestic Product
- D
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.
10*0.00675
A: 0.00675
B: 0.0675
C: 6.75
D: none of these
Correct Answer: A
Short Details:
Which of the following should be charged in the Profit and Loss Account?
- Office Rent
- Direct Material
- Profit and Loss Account
- None of these
- a
Which of the following is a liability?
- Motor Vehicle
- Creditors for goods
- Cash at Ban
- Machinery
- b
Fiscal Year is also known as:
- Financial Year
- Budget Year
- Both A & B
- None of these
- c
If your bank account is “Freeze” then…..
- All the money lost
- No debit transaction can be made
- Can transfer money to other bank account
- Only ATM transaction available
- b
Balance Sheet shows:
- Financial Position of a Business
- Balance of Bank Statement
- Profit earned by a Business
- None of these
- a
-
A financial statement that summarizes assets and liabilities of a company at a specific time.
EVN stand for:
- Pure Code Modulation
- Economic Value Added
- Perfect Code Modulation
- None of these
- b
-
EVA is related to Company’s Financial Performance.
EVA Formula:
EVA=NOPAT – (WACC*Capital Invested)
Checking of accounting records conducted by a professional accountant to find out any fraud or discrepancies is termed as:
- Bookkeeping
- Accounting
- Scrutinizing
- Auditing
- d
-
The art of recording, classifying and summarizing in a significant manner is called Accounting.
Sales Tax is ultimately paid by:
- The Government
- The Shopkeeper
- The Customers
- Producer
- c
-
There are seven types of taxes:
Income Tax
Sales Tax
Payroll Tax
Property Tax
Estate Taxes
Gift Taxes
Excise Tax
