Accounting Mcqs

Q.  Postdated checks are considered as__________?

a. Cash
b. Bank balance
c. Accounts receivable
d. Cash reserve


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?
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MCQs:  Consider the following data pertaining to the production of a company for a particular month : Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is
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MCQs:  One of the most important tools in cost planning is__________?
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MCQs:  A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
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MCQs:  Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
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MCQs:  ____________ is a systematic examination of the books and records or a business?
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MCQs:  The term ‘Audit’ is derived from a Latin word “audire” which means___________?
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MCQs:  The main object of an audit is _____________?
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MCQs:  An auditor is like a_______________?
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MCQs:  Process of verifying the documentary evidences of transactions are known as___________?
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MCQs:  Auditing is compulsory for____________?
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MCQs:  Concealment of shortage by delaying the recording of cash receipts is known as_____________?
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MCQs:  The fundamental objective of the audit of a company is to_____________?
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MCQs:  The concept of stewardship means that a company’s directors________________?
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MCQs:  Why do auditors concentrate their efforts on material items in accounts?
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MCQs:  Which of the following is NOT the responsibility of a company’s directors?
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