- Overdraft balance as per cash book
- Unfavorable balance as per cash book
- Unfavorable balance as per bank book
- None of the above
- c
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.
An equal increase in both current assets and current liabilities would:
- Increase current ratio
- No affect on current ratio
- Decreases current ratio
- None of these
- c
The process of planning and managing a firm’s long-term investments is called:
- Managing Process
- Capital Budgeting
- Capital Structure
- Planning Process
- b
______ involves the sale of used securities from one investor to another.
- Tertiary market
- Primary market
- Secondary market
- None of these
- c
-
Secondary Market is a place where investors sell or purchase their securities.
Return on equity is also called:
- Return on net worth
- Return on shareholders’ fund
- Gross profit ratio
- Return on investment
- a
The ratios which reflect managerial efficiency in handling the assets is__________
- Profitability ratios
- Turnover ratios
- Short term solvency ratio
- Long term solvency ratio
- b
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.
Cost of sales plus profit is __________
- Value of stocks
- Selling price
- Value of goods produced
- Value of finished product
- b
Overhead cost is the total of____________
- Indirect and direct costs
- All indirect costs
- All direct costs
- All specific costs
- b
-
Direct Labor, Direct Material, Wages for Production Staff, Fuel and Power Consumption are examples of Direct Cost.
Assets which have no physical existence and which cannot be seen, touched or felt are called:
- Intangible assets
- Fictitious assets
- Tangible assets
- Current assets
- a
-
Computer Software, Database and Trade Secrets, Trademarks, Television Programs are examples of Intangible Assets.