One of the most important tools in cost planning is__________?
A. Direct cost B. Cost Sheet C. Budget D. Marginal Costing.
Accounting MCQs with Answers
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 Updated by: Mohammad Ejaz Total Sales value =2000 Gross Profit =25 % of Sales = 25/100×2000 = 500 Gross Profit Cost of Goods = Total Sales – Gross Profit =2000-500 = 1500
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
Direct cost incurred can be identified with_______________?
A. Each Department B. Each unit of output C. Each Month D. Each Executive Direct cost incurred can be identified with each unit of output. Direct costs (such as for labor, material, fuel or power) vary with the rate of output but are uniform for each unit of production, and are usually under the control … Read more
Overhead cost is the total of ____________.
A. all indirect costs. B. all direct costs. C. indirect and direct costs. D. all specific costs
Warehouse rent is a part of _________?
A. prime cost. B. factory cost. C. distribution cost. D. production cost
Tender is an_____________?
A. estimation of profit. B. estimation of cost. C. estimation of selling price. D. estimation of units.
Depreciation fund method is also known as__________?
A. Sinking Fund Method B. Annuity Method C. Sum of Year Digits Method D. None of these
Non Trading institution prepare:______________?
A. profit and loss account B. Manufacturing account C. Income and Expenditure Account D. Cost of good sold