Activity-Based Costing (ABC) MCQs with Answers
Which of the following is the primary goal of Activity-Based Costing (ABC)? a) To allocate costs based on the volume of production b) To allocate…
Read More »Accrual vs. Cash Basis Accounting MCQs with Answers
Which of the following is true about accrual basis accounting? a) Revenues are recorded when cash is received b) Expenses are recorded when paid c)…
Read More »Accounting for Share Issuance & Buyback MCQs with Answers
Which type of share gives the shareholder voting rights in a company? a) Preference shares b) Debentures c) Equity shares d) Treasury shares The process…
Read More »Accounting for Debentures MCQs with Answers
Debentures are a type of: a) Equity capital b) Debt instrument c) Current liability d) Revenue reserve Debenture holders are considered as: a) Owners of…
Read More »Accounting for Intangible Assets MCQs with Answers
Which of the following is considered an intangible asset? a) Land b) Machinery c) Trademark d) Inventory Intangible assets are reported on the balance sheet…
Read More »Accounting Errors & Their Rectification MCQs with Answers
Which of the following is an example of a clerical error? a) Recording incorrect depreciation b) Posting an amount to the wrong account c) Failing…
Read More »Accounting for Assets & Liabilities MCQs with Answers
Which of the following is classified as a current asset? a) Land b) Accounts Receivable c) Equipment d) Trademark Which of the following is an…
Read More »Accounting Equations & Transactions MCQs with Answers
What is the basic accounting equation? a) Assets = Liabilities + Equity b) Assets = Revenue – Expenses c) Assets = Liabilities – Equity d)…
Read More »Accounting Concepts & Conventions MCQs with Answers
Which accounting concept states that business and owner are separate entities? a) Going Concern Concept b) Business Entity Concept c) Accrual Concept d) Consistency Concept…
Read More »Time Value of Money (TVM) MCQs with Answers
What is the basic principle of the Time Value of Money (TVM)? a) A dollar today is worth more than a dollar in the future…
Read More »Stock Market & Securities Analysis MCQs with Answers
Which of the following best defines the stock market? a) A platform where bonds are traded b) A marketplace where securities like stocks and bonds…
Read More »Dividend Policy & Profit Distribution MCQs with Answers
What is the main purpose of a dividend policy? a) To maximize the company’s tax obligations b) To determine how much profit to retain and…
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