Lecturer Commerce Solved Past Paper MCQs Online Test No. 39

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There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 39
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 39

1 / 25

Multiple costing method is used in:

2 / 25

An example of variable cost is:

3 / 25

When the mistakes are discovered subsequently, they are rectified through the:

4 / 25

Under or over casting of a subsidiary book is an example of error of:

5 / 25

Errors of carry forward effect:

6 / 25

An overstatement of work- in- progress at the end of a period will:

7 / 25

The three major elements of product costs are all but:

8 / 25

Under which of the following style of business, retained earning account is maintained.

9 / 25

Short debit to an account increases the credit side of the:

10 / 25

Which of the following is not a part of shareholder's equity of limited liability company.

11 / 25

The purpose of cost accounting is to provide information for:

12 / 25

One of the most important tools in cost planning is:

13 / 25

A purchases returns of Rs.600 to P if entered in the sales book would affect:

14 / 25

Errors which affect profit and loss relate to:

15 / 25

Cost accounting concepts include all of the following except:

16 / 25

Variable cost per unit:

17 / 25

An example of fixed cost is:

18 / 25

In a limited liability company, the net profit or loss of the company is transferred to:

19 / 25

Double sided error is one which exists simultaneously in:

20 / 25

Minority interest account in the books of Holding company is a liability account.

21 / 25

Sometimes a trial balance may not agree under such circumstances, the difference may be placed to a:

22 / 25

Revenue reserves of a company would increase if the company.

23 / 25

Increase in total variable cost is due to:

24 / 25

An account in which, are entered transactions, which cannot be placed to their proper accounts for want of sufficient information is called:

25 / 25

The main purpose of cost accounting is to:

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