Accounting MCQs with answers Page - 37

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. Which level ensures that materials are available for production?

  • (A) Maximum level
  • (B) Reorder level
  • (C) Minimum level
  • (D) Safety stock

A

Admin • 802.91K Points
Coach

Q. Depreciation is a part of:

  • (A) Material cost
  • (B) Direct expenses
  • (C) Factory overheads
  • (D) Selling overheads

A

Admin • 802.91K Points
Coach

Q. Job cards are used to record:

  • (A) Inventory usage
  • (B) Time spent on each job
  • (C) Machine breakdowns
  • (D) Overhead rates

A

Admin • 802.91K Points
Coach

Q. Which is not a technique of costing?

  • (A) Standard costing
  • (B) Marginal costing
  • (C) Historical costing
  • (D) Contract costing

A

Admin • 802.91K Points
Coach

Q. What is a by-product?

  • (A) The main product in production
  • (B) An item that results incidentally with main product
  • (C) A scrap item
  • (D) Waste material

A

Admin • 802.91K Points
Coach

Q. An ideal costing system must have:

  • (A) Minimum records
  • (B) High cost of operation
  • (C) Complex procedures
  • (D) Accuracy and simplicity

A

Admin • 802.91K Points
Coach

Q. Which is deducted from material cost?

  • (A) Freight inward
  • (B) Insurance
  • (C) Trade discount
  • (D) Cartage

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.