- Turnover ratios
- Short term solvency ratio
- Profitability ratios
- Long term solvency ratio
- 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.
Wages are paid to a labor, who was engaged in production activities can be termed as:
- Direct cost
- Indirect cost
- Sunk cost
- imputed cost
- a
-
Wages are related to Expense Account head.
Wages are mentioned in Debit Side.
The current account of a partner:
- Always has a credit balance
- May have a debit balance and credit balance
- Always has no balance
- Always has a debit balance
- b
Dividends are usually paid on:
- Authorized capital
- Issued capital
- Paid up capital
- None of these
- c
-
Dividend is a regular payment on profit that given to the investors.
Costing stock appearing in trial balance will be taken to:
- Trading account only
- Balance sheet only
- Trading account and balance sheet
- Profit and loss account only
- b
Which one of these is considered as a non cash item?
- Depreciation
- Accounts receivable
- Accounts payable
- Inventory
- a
Heavy expenditures on advertisement of a new product is a:
- Revenue expenditure
- Differed revenue expenditure
- Capital expenditure
- None of these
- b
Direct expenses are charged on:
- Balance sheet
- Trading account
- Profit & loss account
- None of these
- b
The discount account is a:
- Personal account
- Nominal account
- Asset account
- Real account
- b
-
Nominal Account is also known as Temporary Account.
A bank offers 20% compounded monthly. What would be the effective annual rates of return?
- 21.99%
- 21.00%
- 20.50%
- 20.00%
- a