ACCOUNTING MCQS

Q261: Wealth maximization is a ________?

دولت کو زیادہ سے زیادہ کرنا کیا ہے؟

Outdated concept

Long term concept

Temporary concept

Short term concept

All of these

Q262: Share premium money can be used for _______?

شیئر پریمیم رقم _______ کے لئے استعمال کی جاسکتی ہے؟

Issue of fully paid bonus shares

Payment of dividends

Write-off of goodwill

None of these

Q263: Which best describes a batch process General Ledger System (GLS)?

کون سا بیچ عمل جنرل لیجر سسٹم (جی ایل ایس) کی بہترین وضاحت کرتا ہے؟

Paper documents are eliminated

The general ledger master file is updated each night

There is a time lag between transaction processing and posting to the general ledger

None of these

Q264: A favorable overhead spending variance means that _____?

ایک سازگار اوور ہیڈ اخراجات میں فرق کا مطلب ہے کہ _____؟

Actual overhead costs were less than the budgeted overhead costs. has been under applied

Overhead has been under applied

Actual production was less than the normal volume of output

None of these

Q265: Which of the following are not the tools of management accounting?

مندرجہ ذیل میں سے کون سے انتظامی اکاؤنٹنگ کے اوزار نہیں ہیں؟

Funds flow statement

Cash Flow statement

Ratio Analysis

Process costing

Q266: Which of the following is not a characteristic of a defined-contribution plan?

مندرجہ ذیل میں سے کون سا شراکت کے منصوبے کی ایک خصوصیت نہیں ہے؟

The benefit of gain or the risk of loss from the assets contributed to the pension fund are borne by the employee

The employer's contribution each period is based on a formula

The benefits to be received by employees are usually determined by an employee's three highest years of salary defined by the terms of the plan

The accounting for a defined-contribution plan is straightforward and uncomplicated

Q267: In which of the following situations should the named company not record any depreciation expense on the asset described?

مندرجہ ذیل میں سے کس میں نامزد کمپنی کو بیان کردہ اثاثہ پر کسی فرسودگی کے اخراجات کو ریکارڈ نہیں کرنا چاہئے؟

Computer Sales Company has in inventory a new type of computer, designed “never to become obsolete.”

Metro Advertising owns an office building that has been increasing in value each year since it was purchased.

Commuter Airline is required by law to maintain its aircraft in “as good as new” condition.

None of these

Q268: Which of the following actions is least likely to increase a company's accounts receivable turnover?

مندرجہ ذیل میں سے کون سے اقدامات سے کم از کم کمپنی کے اکاؤنٹس میں قابل وصول کاروبار میں اضافہ ہوتا ہے؟

Offer customers larger cash discounts for making early payments.

Encouraging customers to use bank credit cards, such as visa and mastercard, rather than other national credits, such as american express.

Borrowing money, pledging accounts receivable as collection.

None of these

Q269: Variable manufacturing overhead (VMOH) & Fixed manufacturing overhead (FMOH) is a part of _____?

متغیر مینوفیکچرنگ اوور ہیڈ اور فکسڈ مینوفیکچرنگ اوور ہیڈ _____ کا ایک حصہ ہے؟

Standard cost

Activity based cost

Manufacturing overhead cost

None of these

Q270: Implicit cost is also known as ______?

مضمر لاگت ______ کے نام سے بھی جانا جاتا ہے؟

Notional cost

Component cost

Opportunity cost

None of these

ACCOUNTING MCQS

Q261: Wealth maximization is a ________?

Explanation

Q262: Share premium money can be used for _______?

Explanation

Q263: Which best describes a batch process General Ledger System (GLS)?

Explanation

Q264: A favorable overhead spending variance means that _____?

Explanation

Q265: Which of the following are not the tools of management accounting?

Explanation

Q266: Which of the following is not a characteristic of a defined-contribution plan?

Explanation

Q267: In which of the following situations should the named company not record any depreciation expense on the asset described?

Explanation

Q268: Which of the following actions is least likely to increase a company's accounts receivable turnover?

Explanation

Q269: Variable manufacturing overhead (VMOH) & Fixed manufacturing overhead (FMOH) is a part of _____?

Explanation

Q270: Implicit cost is also known as ______?

Explanation