Most Important & Most Repeated MCQs

  • The chief executive officer salary
  • A marketing cost related to selling the product
  • The salary of production line supervisor
  • Research and development cost of a new product
  • c
  • Insurance, Utilities, Rent, HR Expense, Office Exp, Repair and Maintenance Exp and Taxes are included in Overhead Expenses.

  • Closing balance
  • Debit balance
  • Opening balance
  • Credit balance
  • b
  • Debit Balance is a balance in the left side of Account.

  • To discover errors and frauds
  • To prevent errors and frauds
  • To verify statements
  • All the above
  • d
  • Intangible asset
  • Fictitious asset
  • Wasting asset
  • Floating asset
  • b
  • Factitious Assets are those assets which has no tangible existence.

  • Containing details about the manufacturing process of the company
  • Containing details about the share capital of the company
  • Containing the information of the sales
  • Containing the rules and regulations of the company
  • b
  • The agent of the central government
  • A member of the company
  • The agent of the of the company
  • An assistant to accountant
  • c