MCQOPTIONS
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MCQOPTIONS
This section includes 21 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Computer Applications (BCA) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What is the formula for calculating depreciation in SLM Method? |
| A. | Cost+Scrap/No of Yrs |
| B. | Scrap-Cost/No of yrs |
| C. | Cost - Scrap/Useful Life |
| D. | None of these |
| Answer» D. None of these | |
| 2. |
Which is correct.I)Dr. the receiver,Cr. the GiverII)Dr. what goes out,Cr. what comes inIII)Dr. all Expenses,Cr.All Losses |
| A. | Only I |
| B. | Only II and III |
| C. | ALL I,II and III |
| D. | Only I and II |
| Answer» B. Only II and III | |
| 3. |
According to which principle the same accounting methods should be used each year: |
| A. | Prudence |
| B. | Full disclosure |
| C. | Materiality |
| D. | Consisten cy |
| Answer» E. | |
| 4. |
Arun is a Book-seller, which item will be goods for his business ? |
| A. | Purchase of Computer |
| B. | Purchase of Fan |
| C. | Purchase of Furniture |
| D. | Purchase of Stationery |
| Answer» E. | |
| 5. |
4 oct Opening balance=500 units @Rs 20 each, 5 Oct:Purchase=1000 units @Rs 15 ,6 Oct Sales=500 units.What will be rate at which the sales unit will be valued as per weighted avg method? |
| A. | Rs20 |
| B. | Rs 15 |
| C. | Rs 16.66 |
| D. | 17.5 |
| Answer» D. 17.5 | |
| 6. |
What are the two statements prepared for summarising the transactions? I)Balance Sheet II)Journal III)P&L IV)Cash Book |
| A. | Only I and II |
| B. | Only I,II and III |
| C. | Only I,II and IV |
| D. | Only I and III |
| Answer» E. | |
| 7. |
The respective normal account balances of Sales, Sales Returns , and Discounts allowed are? |
| A. | Credit, Credit, Credit |
| B. | Debit, credit, debit |
| C. | Credit, Debit, Debit |
| D. | Credit, Debit, Credit |
| Answer» D. Credit, Debit, Credit | |
| 8. |
In the books of account if a transaction is completely deleted, will it affect the trial balance? |
| A. | No |
| B. | Yes |
| C. | A transaction cannot be omitted |
| D. | May be |
| Answer» B. Yes | |
| 9. |
Trial balance is not a conclusive proof of accuracy due to which errors.I)Error of omissionII)Error of PrincipleIII)Error of CommissionIV)Compensatory Errors |
| A. | All I,II,III and IV |
| B. | Only I,II and III |
| C. | Only I,II and IV |
| D. | Only II and III |
| Answer» B. Only I,II and III | |
| 10. |
Which of the following is not the external user of accounting information? |
| A. | Government |
| B. | Shareholders |
| C. | Tax Authorities |
| D. | Financial institutions |
| Answer» C. Tax Authorities | |
| 11. |
If closing stock is mentioned in trial balance,Where is it shown in Final Accounts? |
| A. | Credit side of Trading A/c |
| B. | Asset side of Balance Sheet |
| C. | Both A and B |
| D. | Not shown anywhere |
| Answer» C. Both A and B | |
| 12. |
Where do we show Provision of bad debts in final accounts if given in adjustments?I)Debit side of P&LII)Credit side of P&LIII)Deduct from Debtors in Balance SheetIV)Add to Debtors in Balance Sheet |
| A. | I and III |
| B. | II and IV |
| C. | II and III |
| D. | I and IV |
| Answer» B. II and IV | |
| 13. |
Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs Calculate depreciation as per SLM method |
| A. | 25,000 |
| B. | 23,333 |
| C. | 33,333 |
| D. | 21,666 |
| Answer» B. 23,333 | |
| 14. |
Which one is false. I)Capital Expenditure is non recurring in nature and shown in P&L account. II)Revenue expenditure is incurred to conduct day to day activities |
| A. | Both I and II |
| B. | Only I |
| C. | Only II |
| D. | None is false |
| Answer» C. Only II | |
| 15. |
2 oct Opening balance=200 units @Rs 15 each, 4 Oct:Purchase=500 units @Rs 10 ,5 Oct Sales=600 units.What will be Closing Inventory value (in Rs) as per LIFO Method? |
| A. | Rs 1000 |
| B. | Rs 500 |
| C. | Rs 8000 |
| D. | Rs 1500 |
| Answer» E. | |
| 16. |
1 oct Opening balance=400 units @Rs 20 each, 3 Oct:Purchase=300 units @Rs 10 ,5 Oct Sales=500 units.What will be total Sales value(in Rs) as per FIFO Method? |
| A. | Rs 9000 |
| B. | Rs 15000 |
| C. | Rs 10000 |
| D. | Rs 7500 |
| Answer» B. Rs 15000 | |
| 17. |
Business enterprise is separate from its owner according to concept. |
| A. | Money measurement |
| B. | Cost |
| C. | business entity concept |
| D. | Dual aspect |
| Answer» D. Dual aspect | |
| 18. |
When proprietor withdrew cash from business for personal use , it is known as - |
| A. | Drawings |
| B. | Investment |
| C. | Furniture |
| D. | Bills Receivable |
| Answer» B. Investment | |
| 19. |
In trial balance, which accounts with is/are recorded at the credit side?I)SalesII)Sales returnIII)CashIV)Loan |
| A. | Only I and II |
| B. | All of these |
| C. | Only I,II and IV |
| D. | Only I and IV |
| Answer» E. | |
| 20. |
When Salary is paid by cheque, which account is credited. |
| A. | Cash A/c |
| B. | Bank A/c |
| C. | Salary A/c |
| D. | Personal A/c |
| Answer» C. Salary A/c | |
| 21. |
The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as? |
| A. | Balancing |
| B. | Posting |
| C. | Arithmetic |
| D. | Entry |
| Answer» C. Arithmetic | |