ACCOUNTING MCQs


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


A point where profile of net present value crosses horizontal axis at plotted graph indicates project

  1. Costs
  2. cash flows
  3. internal rate of return
  4. external rate of return

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Graph which is plotted for projected net present value and capital rates is called

  1. net loss profile
  2. net gain profile
  3. net future value profile
  4. net present value profile

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The largest expense of most manufacturing firms is?

  1. Salaries Expense
  2. Amortization Expense
  3. Rent Expense
  4. Cost of goods sold

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Net sales = Sales less?

  1. Sales returns
  2. Sales discounts
  3. Sales returns & allowances
  4. Sales returns & allowances and sales discounts

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Transferring entries from journal to ledger account is commonly known as____________?

  1. Recording
  2. Transferring
  3. Posting
  4. Entry making

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Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

  1. Cash payments journal
  2. Cash receipts journal
  3. Purchases return journal
  4. General journal

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Benefits of preparing Bank Reconciliation Statement includes___________?

  1. It bring out any errors committed in preparation of Cash book / Bank Pass Book
  2. Highlights under delay in clearance of cheques deposited but not credited
  3. Help know actual bank balance
  4. All the three

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Cash received from debtors would be deemed as___________of funds.

  1. No flow
  2. Sources
  3. Uses
  4. Gain

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Postage stamps on hand are considered as_________?

  1. Bank
  2. Prepaid expenses
  3. Accounts receivable
  4. Creditor

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Error which affect only one account can be

  1. Error of complete omission
  2. Error of posting
  3. Compensatory errors
  4. None of the above

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