ACCOUNTING MCQs



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

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

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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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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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