Financial Accounting MCQ Questions and Answers Part – 1 Financial Accounting MCQ Questions and Answers Part – 2 Financial Accounting MCQ Questions and Answers Part – 3 51. Every question has a maximum of 4 options with one correct option. Final call amount has also been called which has not been received on 400 shares. Accounting entity concept. financial-accounting-mcq-with-answers 4/17 Downloaded from old.biv.com on January 13, 2021 by guest corporate finance, overview of financial management and environment, portfolio theory and asset pricing models, risk, return, and capital asset pricing model, stocks valuation and November 11, 2020 May 5, 2020 by Abbas Ahmad. Page 8 MCQ Questions on Financial Management: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. These short solved questions or quizzes are provided by Gkseries. The company has received applications for 2 lac shares. ANSWER: B 52. under branch account, debtors system cash sales […] A company came out with a public issue of 1 lac shares of Rs.10 each payable Rs.4 as application Money, Rs.4 as allotment money and rs.2 as 1st and final call. Accounting MCQ Questions and answers with easy and logical explanations. This MCQs test will also help you to assess your accounting and finance knowledge. 10. FEATURED ACCOUNTING MCQ 1. Home >> Category >> Finance (MCQ) Questions and answers Dear Readers, Welcome to Management Accounting multiple choice questions and answers with explanation. advanced financial accounting m.com [part 1] , advanced financial accounting , advanced financial accounting m.com [part 1] question bank ABOUT THIS QUIZ: Chapter: Accounting and Finance Quiz Type: Multiple choice questions (MCQs) Number of MCQs:40 Total Points: 40 Approximate Time Required: 10 – 15 minutes Related posts: Accounting and Finance MCQs Test 1 Accounting and Finance MCQs Test 3 Accounting and Finance MCQs Test 4 Accounting and Finance MCQs Test 5 Accounting and Finance ... Read moreAccounting and Finance … 7. A company came out with a public issue of 2 lac shares of rs.10 each payable as application money @ Rs.3 and allotment money @ Rs.3. (D) $140,000 30. Do not include the effect of a mistake in the application of accounting principles, as this is accounted for as a change in accounting principle rather than as a prior-period adjustment. 1. According to ------------------- concept it is assured the business will last for long time. A cash book is of different types such as (a) simple cash book (b) double column cash book (c) there column cash book. You must …, Read moreAccounting and Finance MCQs Test 7, ABOUT THIS QUIZ: Chapter: Accounting and Finance Quiz Type: Multiple choice questions (MCQs) Number of MCQs:40 Total Points: 40 Approximate Time Required: 25 – 30 minutes, ABOUT THIS QUIZ: Chapter: Accounting and Finance Quiz Type: Multiple choice questions (MCQs) Number of MCQs:40 Total Points: 40 Approximate Time Required: 10 – 15 minutes, Accounting and finance multiple choice questions (MCQs) Tests, Factory Overhead Practical Problems and Solutions, Important Techniques of Factory Overhead Costing, Labour Costing Practical questions with answers, Job Order Costing Examples, Practical Problems and Solutions, Cost of production report (CPR) questions and answers. Do not require further disclosure in the body of the financial statements. (B) Freight in 28. We have prepared Accounting and Finance Multiple Choice Questions (MCQs) tests for the students to evaluate their leanings and understandings about Financial Accounting topics. Paper 8: Cost Accounting . D. management expenses. Paper - 11: Indirect Taxation Bit Questions . Find answers to the accounting questions at the bottom of the page. Paper 7: Direct Taxation . These objective type Management Accounting questions are very important for campus placement test, semester exams, job interviews and competitive exams. Financial Management MCQ Questions and answers with easy and logical explanations. If the company decides to forfeit the partly paid shares, the amount that will be transferred to capital reserve account would be: 9. (a) Credit balance of the pass book means it is a deposit account (b) credit balance of the cash book means it is and overdraft account (c) debit balance of the pass book means it is an overdraft account (d) debit balance of the cash book means it is an overdraft account: 3. what is the rate of valuation of the goods as per average cost method: Rs.70, being the middle item Do not affect the presentation of prior-period comparative financial statements. what is the rate of valuation of the goods as per average cost method: Correct answer: (B)Rs.70, being the average of all items. Financial Accounting MCQs is collection of multiple choice question of financial accounting. Below are the Financial Accounting MCQs quizzes. Q35] Fixed assets are double the current assets and half the capital.The current assets are Rs.3,00,000 and investments are Rs.4,00,000. How much amount would be credited to the share capital account: 8. Accounting & Finance or Master of Commerce in Accounting & Finance is a postgraduate Accounts course.Accounting and Finance cover the study of principles of accounting, financial planning, economic theory, micro and macroeconomics, money and banking systems, knowledge about business, trade and its characteristics and policies involved, etc. (A) greater 29. In this problem, what would be the amount that would be credited to capital reserve after forfeiture? 1. 2. Financial accounting is concerned with – a) Recording of business expenses and revenue b) Recording of costs of products and services c) Recording of day to day business transactions d) None of the above 20. Financial Accounting Multiple Choice Questions and Answers for competitive exams. C. direct expenses. Explanation are given for understanding. MCQ Accounting and Finance 2 MCQ Accounting and Finance 2. ANSWERS: ACCOUNTING MCQ 26. 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