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Accounting Mcqs

A cash book that is used to record the small payments of cash is generally referred as_________?

  • (A)  Simple cash book
  • (B)  Two column cash book
  • (C)  Three column cash book
  • (D)  Petty cash book
Submitted By :Ali Uppal


Postage stamps on hand are considered as_________?

  • (A)  Bank
  • (B)  Prepaid expenses
  • (C)  Accounts receivable
  • (D)  Creditor
Submitted By :Ali Uppal


Submitted By :Ali Uppal


Submitted By :Ali Uppal


Cash book with cash and discount column is mostly referred as________?

  • (A)  Simple cash book
  • (B)  Two column cash book
  • (C)  Three column cash book
  • (D)  Petty cash book
Submitted By :Ali Uppal


Submitted By :Ali Uppal


The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :

  • (A)  Uncontrollable cost
  • (B)  Sunk cost
  • (C)  Avoidable cost
  • (D)  Opportunity cost
Submitted By :Ali Uppal


Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?

  • (A)  Crane hours
  • (B)  Crane value
  • (C)  Truck Mileage
  • (D)  Truck value
Submitted By :Ali Uppal


Submitted By :Ali Uppal


Submitted By :Ali Uppal