Q.1:
Non Trading institution prepare:______________?/
A.
profit and loss account
B.
Manufacturing account
C.Income and Expenditure Account
D.
Cost of good sold
Q.2:
Depreciation fund method is also known as__________?4
A.Sinking Fund Method
B.
Annuity Method
C.
Sum of Year Digits Method
D.
None of these
Q.3:
Audit fess is a part of__________."
A.
works on cost.
B.
selling overhead.
C.
distribution overhead.
D.administration overhead
Q.4:
Tender is an_____________?
A.
estimation of profit.
B.
estimation of cost.
C.estimation of selling price.
D.
estimation of units.
Q.5:
Warehouse rent is a part of _________?&
A.
prime cost.
B.
factory cost.
C.distribution cost.
D.
production cost
Q.6:
Overhead cost is the total of ____________.+
A.all indirect costs.
B.
all direct costs.
C.
indirect and direct costs.
D.
all specific costs
Q.7:
Direct cost incurred can be identified with_______________?;
A.
Each Department
B.Each unit of output
C.
Each Month
D.
Each Executive
Q.8:
IFRS 9 explains about?
A.
Inventory
B.
Accounts Payable
C.Accounts Receivable
D.
Expenses
Q.9:
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
Q.10:
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?N