Accounting

Question: All Indirect Cost Is Charged/Record In The Head Of? a. Prime cost b. FOH cost c. Direct labor cost d. None of the given options [efaccordion id=”01″] [efitems title=”Show Answer” text=”Tyler”][/efaccordion]

Question: The Requirements Of An Audit Report For A Banking Company In Pakistan Is Under? a. Under the Banking Companies Ordinance, 1962. b. Under the Companies Ordinance, 1984. c. Under (a) and (b) above [efaccordion id=”01″] [efitems title=”Show Answer” text=”Under (a) and (b) above”][/efaccordion]

Question: In Insurance The Following Profit And Loss Accounts Are Prepared? a. Separate for Fire, Marine, and Accidents etc. b. Consolidated for Fire, Marine, and Accidents etc. c. None of these [efaccordion id=”01″] [efitems title=”Show Answer” text=”Consolidated for Fire, Marine, and Accidents etc.”][/efaccordion]

Question: FOH Applied Rate Of Rs. 5.60 Per Machine Hour. During The Year The FOH To Rs. 275,000 And 48,000 Machine Hours Were Used. Which One Of Following Statement Is Correct? a. Overhead was under-applied by Rs.6,200 b. Overhead was over-applied by Rs.6,200 c. Overhead was under-applied by Rs.7,200 d. Overhead was over-applied by Rs.7,200 …

Question: Income Tax Is Levied On? a. Agricultural Income b. Presumptive Income c. None of above [efaccordion id=”01″] [efitems title=”Show Answer” text=”Presumptive Income”][/efaccordion]

Question: Super Tax On Companies Is? a. In vogue in Pakistan b. Not in vogue in Pakistan c. None of above [efaccordion id=”01″] [efitems title=”Show Answer” text=”Not in vogue in Pakistan”][/efaccordion]

Question: Conversion Cost Is? a. Material Cost + Overhead Cost b. Direct Labour + Material Cost c. Labour Cost + Overhead Cost [efaccordion id=”01″] [efitems title=”Show Answer” text=”Labour Cost + Overhead Cost”][/efaccordion]

Question: A Standard Rate Is Paid To The Employee When He Completed His Job? a. In time less than the standard b. In standard time c. In time more than standard d. Both in standard time and more than the standard time [efaccordion id=”01″] [efitems title=”Show Answer” text=”In standard time”][/efaccordion]

Question: Cost Of Goods Sold ` 30,000, Opening Inventory ` 9,000, Closing Inventory ` 7,800.What Was The  Inventory Turnover Ratio? a. 3.57 times b. 3.67 times c. 3.85 times d. 5.36 times [efaccordion id=”01″] [efitems title=”Show Answer” text=”3.57 times”][/efaccordion]

Question: Depreciation In Spirit Is Similar To? a. Depletion b. Amortization c. Depression [efaccordion id=”01″] [efitems title=”Show Answer” text=”Amortization”][/efaccordion]