Accounting MCQs
Accounting MCQs Test Preparation | Latest 2025 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Costs that change in response to alternative courses of action are called___________?
A: Relevant costs
B: Differential costs
C: Target costs
D: Sunk costs
Differential costs
The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
A: Direct cost
B: Variable cost
C: Commercial cost
D: Conversion cost
Commercial cost
Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is
A: 111%
B: 120%
C: 95%
D: 117%
111%
A cash book that is used to record the small payments of cash is generally referred as_________?
A: Simple cash book
B: Two column cash book
C: Three column cash book
D: Petty cash book
Petty cash book
Drawings by owner of business are generally recorded on which of the following side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Payments
Payment of rent expenses is recorded on which side of cash book?
A: Receipts
B: Payments
C: Income
D: Expense
Payments
Cash discount is allowed on _______ repayment of debt.
A: Lump sum
B: Prompt
C: Actual
D: None of them
Prompt
Introduction capital by owner of business is recorded on which side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Receipts
A cash book with cash, bank and discount column is commonly referred as________?
A: Cash book
B: Two columns cash book
C: Three columns cash book
D: Petty cash book
Three columns cash book
The most common imprest system is the ________ system?
A: Petty cash
B: Cash book
C: Cash receipt
D: Discount
Petty cash