Accounting Manager series-12 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-12 quiz you are applying for a job / interview / Competitive Exams RBB, SSC, MBA, B.Com, BBA Enterence exams Solving quiz you will prepare yourself.. 0 Created on November 29, 2020 By wefru Manager Series 12 TEST YOUR SKILLS BRODLY 1 / 10 111. ______________ is a person or item for which cost may be ascertained. Cost unit Cost centre Cost object Cost estimation 2 / 10 112. Which of the following is not a fixed asset? Building Bank Balance Plant Patents Goodwill 3 / 10 113. According to which concept business is treated as a unit apart from owner Dual concept Divider concept Entity concept Landlord concept 4 / 10 114. The reduction in the value of the fixed assets which can arise due to time factor is Discount Depreciation Reduction None of the above 5 / 10 115. Which of the following should not be called sales? Good sold on credit Office fixtures sold Sale of item previously included in purchase Good sold for cash 6 / 10 116. Which of the following is not regarded as the fundamental accounting concept? The going concern concept The separate entity concept The prudence (conservatism) concept Correction concept 7 / 10 117. Outstanding salaries are shown as: Shown in liability side of Balance sheet under current Liability Added to Salaries while preparing P & La/c (a) &(b) above None of the above 8 / 10 118. Marginal costing is concerned with: Fixed cost Variable cost Semi variable cost None of the above 9 / 10 119. Which of the following account balance will be shown on debit side of Trial Balance? Outstanding expenses Cash a/c Short term loan creditors 10 / 10 120. Cash Purchases: Increases assets Results in no change in the total assets Decreases assets Increases liability Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz