ACCOUNTING MCQs


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


The number whose 3% is 60, is

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

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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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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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Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?

  1. Drawings
  2. Cash
  3. Business
  4. Stock

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Which of the following are closed at the end of an accounting period?

  1. Nominal accounts
  2. Personal accounts
  3. Real accounts
  4. None of them

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Which of the following is a control account?

  1. Capital
  2. Prepaid rent
  3. Accounts receivable
  4. Salary payable

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