Accounting

Question: Balance Sheet Is Always Prepared? a. For the year ended b. As on the specified date c. None of these [efaccordion id=”01″] [efitems title=”Show Answer” text=”As on the specified date”][/efaccordion]

Question: Fixed Cost? a. Changes with production b. Never changes even if production capacity is doubled c. None of the above [efaccordion id=”01″] [efitems title=”Show Answer” text=”Never changes even if production capacity is doubled”][/efaccordion]

Question: Every Limited Company In Pakistan Is Required By Law To Include The Following Along With Financial Reports? a. Ratio Analysis b. Chairman’s Review c. None of these [efaccordion id=”01″] [efitems title=”Show Answer” text=”Chairman’s Review”][/efaccordion]

Question: Factory Overhead Cost Includes? a. Factory Rent b. Property Tax c. Salaries of Factory Clerk d. All of the given [efaccordion id=”01″] [efitems title=”Show Answer” text=”All of the given”][/efaccordion]

Question:A Partnership, In Today Pakistan, Under The Current Law Can Have The Following Number Of Partners? a. 50 b. 20 c. 100 [efaccordion id=”01″] [efitems title=”Show Answer” text=”20″][/efaccordion]

Question: When Foh Is Under Applied And Charged To Net Profit The Treatment Would Be? a. Under applied Add net profit b. Under applied Less net profit c. Under applied Less operating expense d. None of the given options [efaccordion id=”01″] [efitems title=”Show Answer” text=”Under applied Add net profit”][/efaccordion]

Question: A Good Cost Accounting System Is? a. If it computes estimated cost only b. If it cannot be reconciled with financial accounts c. If it enables management to increase productivity and rationalize cost structure [efaccordion id=”01″] [efitems title=”Show Answer” text=”If it enables management to increase productivity and rationalize cost structure”][/efaccordion]

Question: Flexible Budget Is A Budget With The Following Features? a. Changes with volume of production b. Changes with variable expenses c. Changes in Direct material [efaccordion id=”01″] [efitems title=”Show Answer” text=”Changes with volume of production”][/efaccordion]

Question: The Journal Entry Of Purchase Of Stock Under Periodic Inventory System Would Be? a. Inventory to Cash b. Cash to Purchases c. Purchases to Inventory d. None of the given options [efaccordion id=”01″] [efitems title=”Show Answer” text=”None of the given options”][/efaccordion]

Question: Sales Are ` 4,50,000. Beginning Finished Goods Were ` 23,000. Ending Finished Goods Are ` 30,000. The Cost Of Goods Sold Is ` 3,00,000. What Is The Cost Of Goods Manufactured? a. 323,000 b. 330,000 c. 293,000 d. None of the given options [efaccordion id=”01″] [efitems title=”Show Answer” text=”None of the given options”][/efaccordion]