Accounting Practice MCQ Page 38

Multiple Choice questions for Accounting in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 3858   The percentage return on the owner's opening capital for the past year was
  1. 15%
  2. 20%
  3. 25%
  4. 30%
Question: 3859   The working capital is
  1. Rs. 20,000
  2. Rs. 30,000
  3. Rs. 50,000
  4. Rs. 1,70,000
Question: 3860   The owner's capital employed in the business at the date of the balance sheet is
  1. Rs. 1,20,000
  2. Rs. 1,40,000
  3. RS. 1,90,000
  4. Rs. 2,13,500
Question: 3861   The business' external liabilities are
  1. Rs. 50,000
  2. Rs. 73,500
  3. Rs. 1,20,000
  4. Rs. 1,40,000
Question: 3862   The interest on the loan paid during the year was
  1. Rs. 2,500
  2. RS. 5,000
  3. Rs. 7,500
  4. Rs. 10,000
Question: 3863   The book value of the fixed assets is
  1. RS. 50,000
  2. RS. 1,70,000
  3. RS. 2,20,000
  4. RS. 2,70,000
Question: 3864   The net assets figure is
  1. RS. 73,500
  2. RS. 1,40,000
  3. RS, 1,90,000
  4. RS. 2,13,500
Question: 3865   The years' rent for the business is
  1. RS. 1000
  2. RS. 2000
  3. RS. 3000
  4. RS. 4000
Question: 3887   The percentage return on total assets employed was approximately
  1. 9%
  2. 14%
  3. 20%
  4. 25%
Question: 3888   select your answer by means of the following code
  1. if 1, 2 and 3 are correct
  2. if 1 and 2 only are correct
  3. if only 1 is correct
  4. if only 3 is correct
Question: 3890   In a balance sheet the balance of the fixed assets accounts are usually included at
  1. cost
  2. book value
  3. scarp value
  4. replacement value
Question: 3892   which one of the following would usually be regarded as a current liability?
  1. A liability due for payment within 12 months
  2. A liability due for payment within 24 months
  3. A liability due for payment within 36 months
  4. A liability due for payment within 48 months

Answers to the questions of Accounting on this page

Following list gives the correct choice for the answer of the Accounting mcqs.
3858 . C       3859 . A       3860 . B       3861 . B       3862 . B       3863 . B       3864 . C       3865 . D       3887 . B       3888 . D       3890 . B       3892 . A      

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