Most Important & Most Repeated MCQs

  • Direct cost
  • Indirect cost
  • Sunk cost
  • imputed cost
  • a
  • Wages are related to Expense Account head.
    Wages are mentioned in Debit Side.

  • Always has a credit balance
  • May have a debit balance and credit balance
  • Always has no balance
  • Always has a debit balance
  • b
  • Authorized capital
  • Issued capital
  • Paid up capital
  • None of these
  • c
  • Dividend is a regular payment on profit that given to the investors.

  • Trading account only
  • Balance sheet only
  • Trading account and balance sheet
  • Profit and loss account only
  • b
  • Personal account
  • Nominal account
  • Asset account
  • Real account
  • b
  • Nominal Account is also known as Temporary Account.

  • Journal entry
  • Compound entry
  • Adjusting entry
  • Reversing entry
  • b
  • In this entry, more than account debit and more than one account credit.