Accounting

Question: An Auditor Is Liable For His Annual Audit Of Accounts? a. Creditors b. Bankers c. Owners [efaccordion id=”01″] [efitems title=”Show Answer” text=”Owners”][/efaccordion]

Question: While Transporting Petrol A Little Quantity Will Be Evaporated Such Kind Of Loss Is Termed As: a. Normal Loss b. Abnormal Loss c. It is incremental loss d. It cannot be abnormal loss [efaccordion id=”01″] [efitems title=”Show Answer” text=”Normal Loss”][/efaccordion]  

Question: Sources Of Funds Can Be Increased By? a. Describing selling prices b. Increasing expenditure c. None of above [efaccordion id=”01″] [efitems title=”Show Answer” text=”None of above”][/efaccordion]

Question: Double Entry Book Keeping Was Fathered By? a. F. W. Taylor b. Henry Fayol c. Lucas Pacioli [efaccordion id=”01″] [efitems title=”Show Answer” text=”Lucas Pacioli”][/efaccordion]

Question: Which Is Provincial Tax In Pakistan? Excise Tax Sales Tax Import Duty Motors Token Tax Answer: Motors Token Tax is Provincial Tax In Pakistan It is known the fact that other nations who successfully gained the title of developed states maintain the rule of taxation. The tax system of …

Question: Stratified Audit Sample Means? a. Randomly selected items for audit b. Purposively selected items for audit c. Items carefully selected from each group [efaccordion id=”01″] [efitems title=”Show Answer” text=”Randomly selected items for audit”][/efaccordion]

Question: A Cost Centre Is? a. A unit of product or service in relation to which costs are ascertained b. An amount of expenditure attributable to an activity c. A production or service location, function, activity or item of equipment for which costs are accumulated d. A centre for which an individual budget is drawn …

Question: Under/Over Applied Foh Cost Can Be Adjusted In Which Of The Following? a. Entire Production b. Cost of Goods Sold c. Net Profit d. All of these [efaccordion id=”01″] [efitems title=”Show Answer” text=”All of these”][/efaccordion]

Question: A Ledger Is Called A Book Of? First Entry Secondary Entry Middle entry Primary Entry Answer: Secondary Entry A Ledger Is Called A Book Of Secondary Entry because ledger accounts are prepared after the journal. It is also known as the Primary Book and principal book because the trial …

Question: A Ledger Account is Prepared From? Income Statement Journal Cash Flow Trial Balance Answer: Journal A Ledger Account is prepared from the Journal accounts. In Accounting Cycle, Ledger is the second step after preparation of Journal entries. Accounting ledger is a book that contains all accounts of the company …