Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Trading and profit and loss account

B. Profit and loss appropriation account

C. Cash-book

D. Balance sheet

A. Cars

B. Dogs

C. Horses

D. Bull

A. $$\frac{{{\text{Total net assets}}}}{{{\text{Number of shares}}}}$$

B. $$\frac{{{\text{Total assets}}}}{{{\text{Number of shares}}}}$$

C. $$\frac{{{\text{Share capital}}}}{{{\text{Number of shares}}}}$$

D. $$\frac{{{\text{Market capitalisation}}}}{{{\text{Number of shares}}}}$$

A. Both (A) and (R) are correct and (R) is the correct explanation of (A)

B. Both (A) and (R) are correct, but (R) is not the correct explanation of (A)

C. (A) is correct, but (R) is not correct

D. (A) is wrong, but (R) is correct

A. Both (A) and (R) are true and (R) is the correct explanation of (A)

B. Both (A) and (R) are correct but (R) is NOT the correct explanation of (A)

C. (A) is true but (R) is false

D. (A) is false but (R) is true

A. Does not affect Break-Even Point

B. Lower Break-Even Point

C. Raises Break-Even Point

D. Lowers net profit

A. Goodwill Account

B. Capital Reserve Account

C. Profit and Loss Account

D. General Reserve Account

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

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

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

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

A. Selling them in the open market

B. A single payment

C. Conversion

D. Annual drawings

A. current assets

B. fixed assets

C. fixed liabilities

D. none of the above