A. profit and loss account
B. Manufacturing account
C. Income and Expenditure Account
D. Cost of good sold
Accounting Mcqs
Depreciation fund method is also known as……….?
A. Sinking Fund Method
B. Annuity Method
C. Sum of Year Digits Method
D. None of these
Tender is an………….?
A. estimation of profit.
B. estimation of cost.
C. estimation of selling price.
D. estimation of units.
Warehouse rent is a part of ………?
A. prime cost.
B. factory cost.
C. distribution cost.
D. production cost
Overhead cost is the total of ………….
A. all indirect costs.
B. all direct costs.
C. indirect and direct costs.
D. all specific costs
Direct cost incurred can be identified with……………?
A. Each Department
B. Each unit of output
C. Each Month
D. Each Executive
The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.
A. Amortization
B. Loan Payment
C. Liability
D. Securitization
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
A. 1,600
B. 1,500
C. 1,000
D. 1,800
One of the most important tools in cost planning is……….?
A. Direct cost
B. Cost Sheet
C. Budget
D. Marginal Costing.