Accounting MCQ Questions and Solutions with Explanations | Commerce
Accounting MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Accounting MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-8 section-21
With reference to the theory of contribution, which of the following statement is/are correct?
1. Contribution is the excess of sales over variable costs
2. Contribution is the excess of sales over total costs
Select the correct answer:
Which of the following statements is correct in regards to life-cycle costing?
1. It analyses the process of evaluating product profitability.
2. It helps planners to control costs more effectively.
X and Y sharing profits in the ratio of 7 : 3, admit Z for $${\frac{3}{7}^{{\text{th}}}}$$ share in the new firm in which he takes $${\frac{2}{7}^{{\text{th}}}}$$ from X and $${\frac{1}{7}^{{\text{th}}}}$$ form Y. The new ratio of X, Y and Z will be
