Accounting Mcqs


Q.  _________is the cost of converting raw material into finished products?

a. Prime cost
b. Explicit cost
c. Job order cost
d. Conversion cost


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following will not appear in Profit and Loss Account of a business?
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MCQs:  Which of the following is not a financial statement?
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MCQs:  If unexpired insurance appears in the Trial Balance, it should be:
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MCQs:  Which of the following are/is not a fixed asset?
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MCQs:  Which of the following are/is a current asset?
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MCQs:  Tax deducted at source appears in the Balance Sheet
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MCQs:  Which of the following statements is false ? select the false from below options
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MCQs:  The Balance Sheet gives information regarding the____________?
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MCQs:  Which of the following accounts appear(s) in the Balance Sheet of a business? i. Stock at the end of the financial year ii. Stock at the beginning of the financial year iii. Drawings iv. Prepaid Rent v. Interest received but not yet earned
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MCQs:  Computers taken on hire by a business for a period of twelve months should be classified as:___________?
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MCQs:  Which of the following is not an intangible asset?
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MCQs:  Which of the following is a current liability?
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MCQs:  Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?
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MCQs:  Which of the following is not a contingent liability?
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MCQs:  Which of the following are current assets of a business? i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income
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MCQs:  Closing entries are generally passed:
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MCQs:  Closing stock appearing in the Trial Balance is shown in:
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MCQs:  Depreciation Account appearing in the Trial Balance is shown in:
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MCQs:  Profit on sale of old plant is:___________?
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MCQs:  Carriage on goods purchased is shown in:___________?
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