MCQ FINANCIAL ACCOUNTING PART 8

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 8) Del credere commission is allowed to consignee for making cash sales for making credit sales for making extra sales for undertaking risk of bad debts Which of the following is a function of journal: Analytical Function Recording Function Historical Function All … Read more

MCQ FINANCIAL ACCOUNTING PART 7

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 7) Survey expenses for marine insurance claim must be Added to claim; Added to legal charges; Added to administrative charges; None of the above. A profit on sale of furniture of a club will be taken to Cash Account; Receipts and Payment … Read more

MCQ FINANCIAL ACCOUNTING PART 6

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 6) Canteen expenses are apportioned among departments in the proportion of Departmental floor space Departmental direct wages Departmental sales Departmental No. of employees Both cash and credit transactions are recorded, on the basis of Accounting Period Concept Going Concern Concept Business Entity … Read more

MCQ FINANCIAL ACCOUNTING PART 5

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 5) Which of the following commission is allowed by the consignor to the consignee to encourage the consignee for putting-up hard work in introducing new product in the market? Del-credere Commission Over-riding Commission Hard work Commission Ordinary Commission If Ram’s acceptance which … Read more

MCQ FINANCIAL ACCOUNTING PART 4

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 4) A transaction without immediate cash settlement is known as Cash Transaction; Credit Transaction; Deferred Transaction; None of the above. _____________________liabilities represent proprietor’s equity, i.e. all those amount which are entitled to the proprietor External; Debenture; Internal; None of the above. Goods … Read more

MCQ FINANCIAL ACCOUNTING PART 3

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING PART 3) Which of the following is an example of Capital Expenditure? Inventory of raw materials, work-in-progress and finished goods; Insurance premium; Taxes and legal expenses; None of the above. Which of the following errors is not disclosed by a Trial Balance? Errors … Read more

MCQ FINANCIAL ACCOUNTING

STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP FIRST (MCQ – FINANCIAL ACCOUNTING ) Which of the following is of capital nature? Commission on purchases Cost of repairs Rent of factory Wages paid for installation of machinery Outward Invoice issued is a source document of Purchase Book Sales Book Return Inward Book Return Outward Book A … Read more

mcq group 1 COST ACCOUNTING

MCQ GROUP 1 COST ACCOUNTING

 (i)   In process, conversion cost means(A)   Cost of direct materials, direct labour, direct expenses(B)   Direct labour, direct expenses, indirect material, indirect labour, indirect expenses(C)   Prime cost-plus factory overheads(D)   All costs up to the product reaching the consumer, less direct material costs (ii)    At the economic ordering quantity level, the following is true:(A)    The ordering cost is minimum(B)    The carrying cost … Read more

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