ACCOUNTING MCQs


چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب موٹا ہو جاے گا


A final statement is a means of communicating information about an enterprise in ___ terms.

  1. Import
  2. Export
  3. Financial
  4. None

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the term electronic cash is to execute payment through?

  1. cheque
  2. credit card
  3. ATM
  4. using computer over a network

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In capital budgeting, term of bond which has great sensitivity to interest rates is

  1. long-term bonds
  2. short-term bonds
  3. internal term bonds
  4. external term bonds

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Cost of Goods sold is classified as which type of account?

  1. Asset
  2. Liability
  3. Revenue
  4. Expense

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The number whose 3% is 60, is

  1. 2000
  2. 3000
  3. 6000
  4. None of these

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In ___ the owner is personally liable for the debts of the business.

  1. Public unlisted company
  2. Financial statement
  3. Private limited company
  4. Sole proprietorship

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In independent projects evaluation, results of internal rate of return and net present value lead to

  1. cash flow decision
  2. cost decision
  3. same decisions
  4. different decisions

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If the Gross profit is Rs. 5,000 and the net profit is 25% of the Gross profit. The expenses?

  1. Rs. 3,750
  2. Rs. 1,250
  3. Rs. 4,150
  4. Rs. 6,250

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Identify the asset from the following

  1. Cash and cash equivalent
  2. Creditors
  3. Notes payable
  4. Bank loan

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Which is the most important characteristic that all assets of a business have?

  1. Long life of assets
  2. Value of assets
  3. Intangible nature of assets
  4. None of the above`

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