Most Important & Most Repeated MCQs

  • Direct Share in business
  • Long Term liability of a business
  • Long term capital of a business
  • None of these
  • b
  • Compare the current asset with past asset
  • Measure the Liquidity of Concern
  • Compare the current asset with fixed asset.
  • None of these
  • b
  • Informational Role
  • Informal Role
  • Decisional Role
  • None of these
  • c
  • Purposively selected items for audit
  • Randomly selected items for audit
  • Items carefully selected for audit
  • Group audit
  • b
  • Cement Industry
  • Job Order Cost Oriented Projects
  • Both A & B
  • None of these
  • c
  • Fixed Assets
  • Fixed Liabilities
  • Part of Owners Equity
  • None of these
  • d
  • Difference of Asset life period and Tax duration is called Deferred Depreciation.