ACCOUNTING MCQS

Q251: Leaders perform ______?

قائدین ______ انجام دیتے ہیں؟

International roles

Decisional roles

Informal roles

None of these

Q252: The title of AASÂ2 issued by Council of ICAI is ________?

Objective and Scope of Financial Statements Audit

Objective and Scope of the Financial Statements

Objective and Scope of the Audit of Financial Statements

None of these

Q253: Which of the following best describes the application of generally accepted accounting principles to the valuation of accounts receivable?

مندرجہ ذیل میں سے کون سے قابل وصول اکاؤنٹس کی تشخیص کے لئے عام طور پر قبول شدہ اکاؤنٹنگ اصولوں کے اطلاق کی وضاحت کرتا ہے؟

Matching principle — The loss due to an uncollectible account is recognized in the period in which the sale is made, not in the period in which the account receivable is determined to be worthless.

Realization principle — Accounts receivable are shown at their net realizable value in the balance sheet.

Cost principle — Accounts receivable are shown at the initial cost of the merchandise to customers, less the cost the seller must pay to cover uncollectible accounts.

None of these

Q254: Which of the following is not an element of credit policy?

مندرجہ ذیل میں سے کون کریڈٹ پالیسی کا عنصر نہیں ہے؟

Sales price

Collection policy

Credit terms

None of these

Q255: Which of the following is a revenue reserve?

مندرجہ ذیل میں سے کون سا ریونیو ریزرو ہے؟

Capital redemption reserve

Security premium account

Capital reserve

None of these

Q256: A feasibility study considers all of the aspects of project, including _______?

ایک فزیبلٹی اسٹڈی پروجیکٹ کے تمام پہلوؤں پر غور کرتا ہے ، بشمول _______؟

Market demand

Availability of time and capacity

Financial resources

All of these

Q257: The firm operate, produce, market all over the world is called _____?

فرم چلتی ہے ، تیار کرتی ہے ، پوری دنیا میں مارکیٹ کو _____ کہا جاتا ہے؟

International firm

Limited liability company

Global firm

None of these

Q258: Which one of the following is correct? Capital is equal to assets minus liabilities

مندرجہ ذیل میں سے کون سا درست ہے؟

Capital is equal to assets minus liabilities

Capital is equal to assets plus liabilities

Assets is equal to liabilities minus capital

Liabilities is equal to capital plus assets

Q259: A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He is of the view that in the Financials Statements for the year, he shall show a sales of Rs 75,500 & trade receivables of Rs.50,000. Which concept is followed by him?

Cash basis of accounting

Accrual Basis of accounting

Both A and B

None of these

Q260: The dividend-payout ratio is equal to __________.

dividends per share divided by current price per share.

dividends per share divided by par value per share

dividends per share divided by earnings per share

the dividend yield plus the capital gains yield

ACCOUNTING MCQS

Q251: Leaders perform ______?

Explanation

Q252: The title of AASÂ2 issued by Council of ICAI is ________?

Explanation

Q253: Which of the following best describes the application of generally accepted accounting principles to the valuation of accounts receivable?

Explanation

Q254: Which of the following is not an element of credit policy?

Explanation

Q255: Which of the following is a revenue reserve?

Explanation

Q256: A feasibility study considers all of the aspects of project, including _______?

Explanation

Q257: The firm operate, produce, market all over the world is called _____?

Explanation

Q258: Which one of the following is correct? Capital is equal to assets minus liabilities

Explanation

Q259: A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He is of the view that in the Financials Statements for the year, he shall show a sales of Rs 75,500 & trade receivables of Rs.50,000. Which concept is followed by him?

Explanation

Q260: The dividend-payout ratio is equal to __________.

Explanation

ACCOUNTING MCQS

Q251: Leaders perform ______?

Explanation

Q252: The title of AASÂ­2 issued by Council of ICAI is ________?

Explanation

Q253: Which of the following best describes the application of generally accepted accounting principles to the valuation of accounts receivable?

Explanation

Q254: Which of the following is not an element of credit policy?

Explanation

Q255: Which of the following is a revenue reserve?

Explanation

Q256: A feasibility study considers all of the aspects of project, including _______?

Explanation

Q257: The firm operate, produce, market all over the world is called _____?

Explanation

Q258: Which one of the following is correct? Capital is equal to assets minus liabilities

Explanation

Q259: A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He is of the view that in the Financials Statements for the year, he shall show a sales of Rs 75,500 & trade receivables of Rs.50,000. Which concept is followed by him?

Explanation

Q260: The dividend-payout ratio is equal to __________.

Explanation

Q252: The title of AASÂ2 issued by Council of ICAI is ________?