Accounting Manager series- 5 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-5 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 5 TEST YOUR SKILLS BRODLY 1 / 10 41. Marginal costing is concerned with: Fixed cost Variable cost Semi variable cost None of the above 2 / 10 42. The books to be compulsorily maintained by a company are: Cash book and ledger Sales and purchase book Journal All of a, b, c above 3 / 10 43. Which of the following best describes a trial balance? It is a list of balances on the books It is a special account Shows the financial position of a business Shows all the entries in the books 4 / 10 44. Which of the following equation is related with Dual Aspect Concept ? Total Assets = Total Liabilities Total Assets = Capital + Outsider’s Liabilities Capital = Total Assets - Outsider’s Liabilities All of the above 5 / 10 45. The prime function of accounting is to Classifying and recording business transaction Attainmentofeconomic goal To record economic data Provide the information basis of action 6 / 10 46. According to schedule VI Companies Act which item is not shown on Asset side of Balance sheet Investment Current Loan & Advances Provision Lease Holds 7 / 10 47. Salary paid to factory manager is an item of: Prime cost Factory overhead Selling overhead Office overhead 8 / 10 48. Carriage outward is charged to Debit side Profit & Loss a/c Debit side Trading a/c Credit side of Profit & Loss a/c Credit side of trading a/c 9 / 10 49. Payment received from Debtor Decreases the Total Assets Increases the Total Assets Results in no change in the Total Assets Increases the Total Liabilities 10 / 10 50. Accounting does not record non-financial transactions because of: Accrual concept Cost concept Continuity concept Money measurement concept Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz