Accounting Practice MCQ Page 20

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: 1842   In Q 3.37, What is the quantity of total loss
  2. 2700 units
  3. 300 units
  4. 350 units
  5. 500 units
Question: 1843   when quantity sold is 18,000 units, opening stock 2,000 units and closing stock 3,000 unis, what is the quantity produced
  1. 16,000 units
  2. 17,000 units
  3. 19,000 units
  4. 20,000 units
Question: 1845   A transport company is running 3 bases with 50 passengers each, covering a distance of 100 km daily. what is the number of passenger km. per day
  1. 5,000
  2. 300
  3. 15,000
  4. 150
Question: 1847   Cost and financial accounts are reconciled under
  1. Integral system
  2. Non-intergral system
  3. Under both (a)and (b)
  4. None of these
Question: 1852   Which of the following accounts make the cost ledger self-balancing
  1. overhead adjustment account
  2. Costing P.& L.account
  3. Cost Ledger control account
  4. None of the above
Question: 1855   Costing profit and Loss account does not record the
  1. sales value of goods
  2. balance of overhead adjustment account
  3. balance of cost of sales account
  4. balance of stores ledger control account
Question: 1866   Purchases for special jobs is debited to
  1. Work-in-progress ledger control account
  2. Cost ledger control account
  3. Stores ledger control
Question: 1871   Integral accounts eliminate the necessity of operating
  1. Cost Ledger Control account
  2. stores ledger control account
  3. Overhead adjustment account
  4. All of these
Question: 1874   Which of the following items is not included in cost accounts
  1. Interest received on bank deposits
  2. Dividend paid on share capital
  3. Damages payable at law
  4. Debenture interest
  5. all of these
Question: 1879   Which following items is included in cost accounts
  1. Transfer to general reserve
  2. Notional rent
  3. Rent receivable
  4. Non of the above
Question: 1885   When costing loss is RS. 5,600, administrative overhead under-obsorbed being RS. 400, the loss as per financial accounts should be
  1. RS. 5,600
  2. RS.6,000
  3. RS. 5,200
Question: 1889   Depreciation charged in costing is RS.12,500 and in financial books is RS.11,200.What will be the financial profit when costing profit is RS.5,000
  1. RS. 5,000
  2. RS. 3,700
  3. RS. 6,300

Answers to the questions of Accounting on this page

Following list gives the correct choice for the answer of the Accounting mcqs.
1842 . D       1843 . C       1845 . B       1847 . B       1852 . C       1855 . D       1866 . A       1871 . A       1874 . E       1879 . C       1885 . B       1889 . C      

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