Accounting MCQs with answers Page - 28

Here, you will find a collection of MCQ questions on Accounting. Go through these questions to enhance your preparation for upcoming examinations and interviews.

To check the correct answer, simply click the View Answer button provided for each question.

Have your own questions to contribute? Click the button below to share your MCQs with others!

+ Add Question

A

Admin • 802.91K Points
Coach

Q. Overheads are classified into how many categories?

  • (A) Two
  • (B) Three
  • (C) Four
  • (D) Five

A

Admin • 802.91K Points
Coach

Q. Which of the following is a fixed cost?

  • (A) Direct materials
  • (B) Electricity charges
  • (C) Factory rent
  • (D) Packing cost

A

Admin • 802.91K Points
Coach

Q. Cost incurred on advertising is a type of:

  • (A) Factory overhead
  • (B) Administrative overhead
  • (C) Selling overhead
  • (D) Direct expense

A

Admin • 802.91K Points
Coach

Q. Which of the following is not a direct cost?

  • (A) Direct wages
  • (B) Direct materials
  • (C) Factory rent
  • (D) Direct expenses

A

Admin • 802.91K Points
Coach

Q. The main objective of cost accounting is to:

  • (A) Determine income tax
  • (B) Provide financial statements
  • (C) Ascertain cost of products
  • (D) Determine profit

A

Admin • 802.91K Points
Coach

Q. Which method is suitable for industries manufacturing bricks or cement?

  • (A) Job costing
  • (B) Process costing
  • (C) Unit costing
  • (D) Batch costing

A

Admin • 802.91K Points
Coach

Q. Abnormal loss is transferred to:

  • (A) Costing Profit & Loss A/c
  • (B) Factory overhead A/c
  • (C) Work-in-progress A/c
  • (D) Finished goods A/c

A

Admin • 802.91K Points
Coach

Q. In job costing, each job is treated as:

  • (A) Cost center
  • (B) Profit center
  • (C) Batch
  • (D) Process

A

Admin • 802.91K Points
Coach

Q. Standard costing is used for:

  • (A) Random costing
  • (B) Budgetary control
  • (C) Cost estimation
  • (D) Variance analysis

A

Admin • 802.91K Points
Coach

Q. Economic Order Quantity (EOQ) is used for:

  • (A) Maximizing production
  • (B) Minimizing stock out
  • (C) Reducing storage space
  • (D) Minimizing total inventory cost

Add MCQ in this Category

If you want to share an MCQ question in this category, it's a great idea! It will be helpful for many other students using this website.

Share Your MCQ

Browse Categories

Click on category to learn MCQs of that category.