ACCOUNTING MCQS

Q141: The labor rate variance is determined by multiplying the difference between the actual labor rate and the standard labor rate by ______?

مزدوری کی شرح میں فرق کا تعین اصل مزدوری کی شرح اور معیاری مزدور کی شرح کے درمیان فرق کو ______ کے ذریعہ بڑھا کر کیا جاتا ہے؟

The standard hours allowed.

The actual hours worked.

The budgeted hours allowed.

None of these.

Q142: If a motor van costs Rs.12,500, its accumulated depreciation is Rs.4,200, and depreciation charged for the year is Rs.2,500, what will be its book value at the end of the period?

Rs.5,800

Rs.8,300

Rs.10,800

None of these

Q143: On October 1, 2011, Coast Financial loaned Barr Corporation $300,000, receiving in exchange a nine-month, 12 percent note receivable. Coast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Barr Corporation during 2012 will amount to _____?

$36,000

$9,000

$18,000

None of these

Q144: Characteristics of internal accounting information include all of the following except?

داخلی اکاؤنٹنگ کی معلومات کی خصوصیات میں مندرجہ ذیل سب شامل ہیں سوائے اس کے کہ؟

It measures efficiency and effectiveness

It is oriented toward the future

It is audited by a CPA

None of these

Q145: A Joint Stock Company is managed by ______?

ایک مشترکہ اسٹاک کمپنی کا انتظام ______ کے ذریعہ کیا جاتا ہے؟

Board of Directors

Owner

Shareholders

None of these

Q146: The following factor would be relatively low if supply of labor is higher than demand?

اگر لیبر کی فراہمی مطالبہ سے زیادہ ہے تو مندرجہ ذیل عنصر نسبتا کم ہو گی؟

Production

Wage

Labor cost

None of these

Q147: Cost concept basically recognizes ______?

لاگت کا تصور بنیادی طور پر ______ کو پہچانتا ہے؟

Realizable value

Replacement cost

Fair market value

Historical cost

Q148: A Current Ratio of Less than One means:

ایک سے کم کے موجودہ تناسب کا مطلب ہے:

Share Capital > Current Assets

Current Liabilities < Current Assets

Current Assets < Current Liabilities

None of these

Q149: The primary objective of cost accounting is to ______?

لاگت اکاؤنٹنگ کا بنیادی مقصد ______ ہے؟

Ascertain the profit

Ascertain the cost of goods and services

Inventory valuation

None of these

Q150: Having some overall goal in mind, financial management is concerned with _______?

ذہن میں کچھ مجموعی مقصد رکھنے کے بعد ، مالیاتی انتظام کا تعلق _______ سے ہے؟

Management of assets

Financing of assets

Acquisition of assets

All of these

ACCOUNTING MCQS

Q141: The labor rate variance is determined by multiplying the difference between the actual labor rate and the standard labor rate by ______?

Explanation

Q142: If a motor van costs Rs.12,500, its accumulated depreciation is Rs.4,200, and depreciation charged for the year is Rs.2,500, what will be its book value at the end of the period?

Explanation

Explanation

Q144: Characteristics of internal accounting information include all of the following except?

Explanation

Q145: A Joint Stock Company is managed by ______?

Explanation

Q146: The following factor would be relatively low if supply of labor is higher than demand?

Explanation

Q147: Cost concept basically recognizes ______?

Explanation

Q148: A Current Ratio of Less than One means:

Explanation

Q149: The primary objective of cost accounting is to ______?

Explanation

Q150: Having some overall goal in mind, financial management is concerned with _______?

Explanation