ACCOUNTING MCQS

Q341: The reduction or covering of foreign exchange risk is called ?

غیر ملکی زرمبادلہ کے خطرے میں کمی یا احاطہ کسے کہتے ہیں؟

arbitrage

intervention

speculation

hedging

Q342: Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make buy decision?

کون سا سسٹم انوینٹری کی قیمت ، بجٹ ، لاگت پر قابو پانے ، کارکردگی کی رپورٹنگ ، اور خریدنے کا فیصلہ کرنے کے لئے استعمال ہونے والی معلومات تیار کرتا ہے؟

Cash disbursement

Sales order processing

Purchases/accounts payable

None of these

Q343: Which of the following explains the debit and credit rules relating to the recording of revenue and expenses?

مندرجہ ذیل میں سے کون محصول اور اخراجات کی ریکارڈنگ سے متعلق ڈیبٹ اور کریڈٹ قواعد کی وضاحت کرتا ہے؟

Revenue increases owner's equity and is recorded by a credit; expenses decrease owner's equity and are recorded as debits.

Expenses appear on the left side of the balance sheet and are recorded by debits; revenue appears on the right side of the balance sheet and is recorded by credits.

Expenses appear on the left side of the income statement and are recorded by debits; revenue appears on the right side of the income statement and is recorded by credits.

None of these.

Q344: A transaction caused a $15,000 decrease in both assets and total liabilities. This transaction could have been _____?

Repayment of a $15,000 bank loan.

Purchase of a delivery truck for $15,000 on credit.

An asset with a cost of $15,000 was destroyed by fire.

None of these.

Q345: _______ is the aggregate of direct material cost, direct labor cost, and direct expenses.

براہ راست مادی لاگت ، براہ راست مزدوری لاگت اور براہ راست اخراجات کی مجموعی ہے۔ _____

Bottom line cost

Prime cost

Variable cost

None of these

Q346: _______ is the phase of an audit where the auditor gathers samples to identify any material misstatements in the client’s accounting records or other data.

ایک آڈٹ کا مرحلہ ہے جہاں آڈیٹر موکل کے اکاؤنٹنگ ریکارڈز یا دوسرے ڈیٹا میں کسی بھی مادی غلطیوں کی نشاندہی کرنے کے نمونے جمع کرتا ہے۔ _____

Detective testing

Substantive testing

Control testing

None of these

Q347: When prices fluctuate widely, the method of pricing that smooths out the effects of fluctuations is ____?

جب قیمتوں میں بڑے پیمانے پر اتار چڑھاؤ آتا ہے، تو قیمتوں کا تعین کرنے کا طریقہ جو اتار چڑھاو کے اثرات کو ہموار کرتا ہے ____ ہے؟

Weighted average

Simple average

FIFO

LIFO

Q348: Which of the following is not involved in CVP analysis?

Sales mix.

Unit selling prices.

Fixed costs per unit.

Volume or level of activity.

Q349: Current ratio is calculated to ______?

موجودہ تناسب کا حساب ______ پر کیا جاتا ہے؟

Measure the liquidity of concern

Compare the current assets with past assets

Compare the current assets with fixed assets

None of these

Q350: The projected benefit obligation is the measure of pension obligation that ______?

متوقع فائدہ کی ذمہ داری پنشن کی ذمہ داری کی پیمائش ہے جو ______؟

Is not sanctioned under generally accepted accounting principles for reporting the service cost component of pension expense

Is required to be used for reporting the service cost component of pension expense

Requires pension expense to be determined solely on the basis of the plan formula applied to years of service to date and based on existing salary levels

None of these

ACCOUNTING MCQS

Q341: The reduction or covering of foreign exchange risk is called ?

Explanation

Q342: Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make buy decision?

Explanation

Q343: Which of the following explains the debit and credit rules relating to the recording of revenue and expenses?

Explanation

Q344: A transaction caused a $15,000 decrease in both assets and total liabilities. This transaction could have been _____?

Explanation

Q345: _______ is the aggregate of direct material cost, direct labor cost, and direct expenses.

Explanation

Q346: _______ is the phase of an audit where the auditor gathers samples to identify any material misstatements in the client’s accounting records or other data.

Explanation

Q347: When prices fluctuate widely, the method of pricing that smooths out the effects of fluctuations is ____?

Explanation

Q348: Which of the following is not involved in CVP analysis?

Explanation

Q349: Current ratio is calculated to ______?

Explanation

Q350: The projected benefit obligation is the measure of pension obligation that ______?

Explanation