- (A) Return outwords
- (B) Return inwards
- (C) cost of goods sold
- (D) carriage on sales
Accounting Mcqs
- (A) Prime cost
- (B) Explicit cost
- (C) Job order cost
- (D) Conversion cost
- (A) Results of operations for a particular period
- (B) Financial position during a particular period
- (C) Profit earning capacity for a particular period
- (D) Financial position as on a particular date
- (A) Balance Sheet discloses financial position of the business
- (B) A person who owes to the business is called Debtor
- (C) Decrease in the value of the asset could decrease the value of a liability
- (D) Assets are to be shown in the Balance Sheet at the realizable value
- (A) On the assets side under current assets
- (B) On the assets side under loans and advances
- (C) On the liabilities side under current liabilities
- (D) On the liabilities side under provisions
- (A) Sundry Debtors
- (B) Stock
- (C) Prepaid insurance
- (D) All of
- (A) Stock
- (B) Vehicle
- (C) Fixed deposit in bank
- (D) Both
- (A) Credited to the Profit & Loss Account
- (B) Debited to the Profit & Loss Account
- (C) Shown on the liabilities side of the Balance Sheet
- (D) Shown on the assets side of the Balance Sheet
- (A) Profit and Loss Account
- (B) Balance Sheet
- (C) Funds Flow Statement
- (D) Trial Balance
- (A) Drawings
- (B) Bad debts
- (C) Accrued expenses
- (D) Reserve for discount on Sundry Creditors
