Business and Finance MCQs Test 06 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Business and Finance MCQs Test 06 Preparation Online Economics 1. Prepaid expenses appearing in a trial balance will figure in the:A. Profit and loss accountB. Profit and loss account and balance sheetC. Prepaid expenses accountD. Balance sheet Loading... 2. In an integrated costing system, most of the data relevant to cost accounting comes from the:A. Stores accounting systemB. Sales and distribution system V H-C. Cost accounting systemD. Financial accounting system Loading... 3. Which method of costing is used by sugar mills ?A. Batch costingB. Unit or output costingC. Job costingD. Process costing Loading... 4. Depreciation is the process of:A. None of the aboveB. Allocation of costsC. Use of assetsD. Valuation of assets Loading... 5. The excess of current assets over current liabilities is called:A. TurnoverB. Net worthC. Working capitalD. Net tangible worth Loading... 6. What is Conversion Cost ?A. Cost of materials and labour B. Cost of labour C. Total cost of running businessD. Cost of transforming direct materials into finished products Loading... 7. Sale of old furniture on credit will appear in the:A. Cash bookB. Sales day bookC. Journal D. Debtors ledger Loading... 8. Goodwill of a firm represents:A. Tangible assetsB. Fixed assets C. Fictitious assetsD. Intangible assets Loading... 9. What is the objective of cost accounting ?A. Cost analysisB. All of the aboveC. Cost control D. Cost determination Loading... 10. A bank account is a:A. Real accountB. Personal accountC. Liability accountD. Nominal account Loading... Loading... Related NTS Results Post:Business and Finance MCQs Test 03 Preparation OnlineBusiness and Finance MCQs Test 01 Preparation OnlineBusiness and Finance MCQs Test 02 Preparation OnlineBusiness and Finance MCQs Test 04 Preparation OnlineBusiness and Finance MCQs Test 05 Preparation OnlineBusiness and Finance MCQs Test 08 Preparation OnlineBusiness and Finance MCQs Test 07 Preparation OnlinePublic Finance Test 06 Mcqs Preparation Online