Accounting mcq questions and answers for competitive exams

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Accounting mcq questions and answers for competitive exams UPSC SSC , SSC CGL, SSC CHSL, upsc Civils , Entrance exams Online test practice online free Quiz, mock practice online
76.
Which of the following is an advantage of standard costing?

a
Determination of variance
b
Facilitates cost control
c
Measuring efficiency
d
All of the above

77.
The implementation of a common market involves all of the following except

a
a common tax system and monetary union
b
prohibition of restrictions on factor movements
c
a common tariff levied in imports from non-members
d
elimination of trade restrictions among member countries

78.
The net income of the company should ideally be -- times of the fixed internal charges.

a
3 or 4
b
4 or 5
c
5 or 6
d
6 or 7

79.
The first computerised online stock exchange in India was

a
BSE
b
NSE
c
MCX
d
OTCEI

80.
Capital budgeting is also known as

a
Investment Decision making
b
Planning Capital expenditure
c
Capital Expenditure Decisions
d
All of the above

81.
If good will of a profession which is self generated is transferred, there will

a
Be capital gain
b
Be a short-term capital gain
c
Not be any capital gain
d
None of the above

82.
In case the finn is all equity financed, WACC would be equal to

a
Cost of Equity
b
Cost of Debt
c
Both (a) and (b)
d
None of these

83.
Which of the following Iiabilities are taken into account for the quick ratio?

a
Bills payable
b
Bank overdraft
c
Sundry Debtors
d
All of the above

84.
To test the liquidity of a concern which of the following ratios are useful?

a
Acid test ratio
b
Capital turnover ratio
c
Bad Debt to sales ratio
d
lnventory turnover ratio

85.
Inventory is valued at cost or market price whichever is lower. This principle of valuation is based on the accounting convention of

a
Materiality
b
Consistency
c
Conservatism
d
Full disclosure

86.
The cost of debt capital is calculated on the basis of

a
Capital
b
Net proceeds
c
Annual Interest
d
Arumal Depreciation

87.
Which is the merits or advantages of 'Net Present Value Method'?

a
This method can be applied where cash inflows are even
b
It takes into account the objective of maximum profitability
c
This method considers the entire economic life of the project
d
All of the above

88.
Which of the following will cause an increase in bond values?

a
Decrease in Coupon Rate
b
Increase in Redemption Period
c
Increase in Redemption Amount
d
Decrease in Redemption Amount

89.
Which of the following provisions held for various assets should be transferred to the realisation account upon dissolution of the firm?

a
Provision for Discounts
b
Provision for Depreciation
c
Investment Fluctuation Fund
d
All of the above

90.
Price Ratio Method is

a
Asset Method
b
Growth Method
c
Earning Yield Method
d
Dividend Yield Method

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