Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Variable cost per unit

B. Datum per unit

C. Fixed cost per unit

D. Profit volume ratio

A. a-4, b-1, c-2, d-3

B. a-4, b-1, c-3, d-2

C. a-1, b-4, c-3, d-2

D. a-1, b-4, c-2, d-3

A. Premium on share

B. Profit on issue of forfeited share

C. General reserve

D. All of the above

A. Revenue expenditure

B. Deferred revenue expenditure

C. General expenditure

D. Capital expenditure

A. Writing-off discount on debenture

B. Writing-off preliminary expenses of company

C. Issue of bonus share

D. All of the above

A. $$\frac{{{\text{Net Income}}- {\text{Preference Dividend}}}}{{{\text{Number of Equity Shares}}}}$$

B. $$\frac{{{\text{Net Income}}}}{{{\text{Number of Shares}}}}$$

C. $$\frac{{{\text{Total Income}}}}{{{\text{Paid-up Capital}}}}$$

D. $$\frac{{{\text{Net Income}}}}{{{\text{Number of Equity Shares}}}}$$

A. At least two persons

B. There is an agreement between all partners

C. Equal share of profit and loss

D. Partnership agreement is for some business

A. Minor partner

B. Sleeping partner

C. Nominal partner

D. Inactive partner

A. a-2, b-1, c-4, d-3

B. a-1, b-2, c-4, d-3

C. a-3, b-1, c-2, d-4

D. a-1, b-4, c-2, d-3

A. Equity

B. Long term debt

C. Both A and B

D. None of the above