Accounting MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6

26.
Sales expenditure budget is prepared by estimating the expense(s) of

A. Advertisement

B. Market analysis

C. Salesman's salary

D. All of the above

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27.
Budgeting is difficult to apply in the following cases

A. Products subjected to rapid changes

B. Job order manufacturing

C. Uncertain market condition

D. All of the above

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28.
A Master Budget consists of

A. Sales budget

B. Production budget

C. Material budget

D. All of the above

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29.
The accounting process involves recording

A. Quantifiable economic event

B. Non Quantifiable economic event

C. All of them

D. None of them

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30.
In accounting, an economic event is referred to as

A. Cash

B. Bank statement

C. Transaction

D. Exchange of money

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Accounting MCQ Questions and Solutions with Explanations | Commerce

26. Sales expenditure budget is prepared by estimating the expense(s) of

Answer & Solution

27. Budgeting is difficult to apply in the following cases

Answer & Solution

28. A Master Budget consists of

Answer & Solution

29. The accounting process involves recording

Answer & Solution

30. In accounting, an economic event is referred to as

Answer & Solution

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26.
Sales expenditure budget is prepared by estimating the expense(s) of

27.
Budgeting is difficult to apply in the following cases

28.
A Master Budget consists of

29.
The accounting process involves recording

30.
In accounting, an economic event is referred to as