MCQOPTIONS
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MCQOPTIONS
This section includes 5 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Business Administration (BBA) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
An accounting that deals with the accounting and reporting of information to management regarding the detail information is |
| A. | Financial accounting |
| B. | Management accounting |
| C. | Cost accounting |
| D. | Real Accounting |
| Answer» C. Cost accounting | |
| 2. |
A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? |
| A. | Going concern |
| B. | Cost |
| C. | Accrual |
| D. | Money measurement |
| Answer» D. Money measurement | |
| 3. |
The transferring of debit and credit items from journal to the respective accounts in the ledger is called as |
| A. | Ledger |
| B. | Posting |
| C. | Forward journal |
| D. | None of these one of these |
| Answer» C. Forward journal | |
| 4. |
The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept. |
| A. | Money measurement |
| B. | Cost |
| C. | Entity |
| D. | Dual aspect |
| Answer» D. Dual aspect | |
| 5. |
The comparison of financial statement of one year with that of another is possible only when ------------- ---concept is followed |
| A. | Going concern |
| B. | Accrual |
| C. | Consistency |
| D. | Materiality |
| Answer» D. Materiality | |