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Accounting

The paradigm of accounting here will explain each and every accounting mcqs directly or indirectly relate to the questions will discuss here. The accounting MCQs for NTS test is the ultimate solution for the students and job applicants in Pakistan. The category will explain that how advance accounting mcqs look likes Accounting Mcqs With Answers In Pakistan. So don’t worry www.pakistangk.com will share advance accounting mcqs with answers in this section. It is just like the way that will consider accounting mcqs online test and its approach for preparing the written test for NTS, JTS, PTS, OTS, JTS, GTS, BTS, CTS, Fpsc, kppsc, ppsc, ajkpsc, ,BPSC, SPSC, CSS, NTS, ETEA, ETS, JTS, MTS, CTS, Pak Army, Pak Navy, PAF, Police, Rangers And All armed forces,

Closing Work In Process Inventory Of Last Year?

Question: Closing Work In Process Inventory Of Last Year? a. Is treated as Opening inventory for current year b. Is not carried forward to next year c. Become expense in the next year d. Charge to Profit & Loss account [efaccordion id=”01″] [efitems title=”Show Answer” text=”Is treated as Opening inventory for current year”][/efaccordion]

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Combination Can Be Best Described As?

Question: Combination Can Be Best Described As? a. Restructuring of Capital of a Company b. Reduction of Capital of a Company c. Amalgamation of two different types of businesses [efaccordion id=”01″] [efitems title=”Show Answer” text=”Amalgamation of two different types of businesses”][/efaccordion]

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A Resident Multinational Company Need Not?

Question: A Resident Multinational Company Need Not? a. Pay income tax, if it s caused under Double Taxation agreement. b. If it is not enjoying tax exemption under the Income Tax Ordinance, 1979 (Second Schedule). c. None of above [efaccordion id=”01″] [efitems title=”Show Answer” text=”None of above”][/efaccordion]

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Nelson Company Has Following FOH Detail. Budgeted (`) Actual (`) Production Fixed Overheads 36,000 39,000 Production Variable Overheads 9,000 12,000 Direct Labor Hours 18,000 20,000

Question: Nelson Company Has Following FOH Detail.  Budgeted (`) Actual (`) Production Fixed Overheads 36,000 39,000  Production Variable Overheads 9,000 12,000  Direct Labor Hours 18,000 20,000 a. Under applied by `1,000 b. Over applied by ` 1,000 c. Under applied by ` 11,000 d. Over applied by ` 38,000 [efaccordion id=”01″] [efitems title=”Show Answer” text=”Under …

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Which Of The Following Element Must Be Taken Into Account While Calculating Total Earnings Of A Worker Under Different Incentive Wage Schemes?

Question: Which Of The Following Element Must Be Taken Into Account While Calculating Total Earnings Of A Worker Under Different Incentive Wage Schemes? a. Rate per unit b. Units of production c. Extra time taken by employee to complete the production d. Number of workers employed [efaccordion id=”01″] [efitems title=”Show Answer” text=”Units of production”][/efaccordion]

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Retained Earning Is Synonymous To?

Question: Retained Earning Is Synonymous To? a. Accumulated profit and loss account b. Profit for the year c. None of these [efaccordion id=”01″] [efitems title=”Show Answer” text=”Accumulated profit and loss account”][/efaccordion]

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