Author: Faraz Ahmed – Page 16

✅ B. P&L A/C is debited with 1,200

Option A : P&L A/C is debited with 1,400 Option B : P&L A/C is debited with 1,200 Option C : 200 is shown as current asset Option D : Both Correct Answer : Both and above Read more

✅ A. Interest Rate

Option A : Interest Rate Option B : Required rate of return Option C : Nominal interest rate Option D : All of the above Correct Answer : Interest Rate Read more

✅ C. common size income statement

Option A : Balance sheet Option B : income statement Option C : common size income statement Option D : All of the Above Correct Answer : common size income statement Read more

✅ A. Current Assets

Option A : Current Assets Option B : Fixed Assets Option C : Current Assets& current liabilities Option D : All of the above Correct Answer : Current Assets Read more

✅ D. Conversion cost

Option A : Prime cost Option B : Explicit cost Option C : Job order cost Option D : Conversion cost Correct Answer : Conversion cost Read more

✅ B. Return inwards

Option A : Return outwords Option B : Return inwards Option C : cost of goods sold Option D : carriage on sales Correct Answer : Return inwards Read more

✅ D. Last in, First Out

Option A : Lots in , Few out Option B : Link input, Format Output Option C : Last input, First Output Option D : Last in, First Out Correct Answer : Last in, First Out Read more

✅ D. selling Expenses & administrative expenses

Option A : selling Expense Option B : Direct labor Option C : factory overhead Option D : selling Expenses & administrative expenses Correct Answer : selling Expenses & administrative expenses Read more

✅ A. Sole-proprietorship

Option A : Sole-proprietorship Option B : General Partnership Option C : Limited Partnership Option D : Corporation Correct Answer : Sole-proprietorship Read more

✅ B. Balance Sheet

Option A : Income Statement Option B : Balance Sheet Option C : Cash Flow Statement Option D : Retained Earning Statement Correct Answer : Balance Sheet Read more