ACCOUNTING MCQs



The maintenance of accounts in a systematic way is called:

  1. Accounting
  2. Reading
  3. Book keeping
  4. Auditing

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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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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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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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