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Advance Accounting and Auditing
A non-banking asset is:
Term of office equipment
Bank premises
Secured property acquired from defaulting borrower
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
Operating cost is often named as:
Manufacturing cost plus commercial expenses
Prime cost plus factory overheads
Direct material plus direct labor
Selling plus administrative expenses
Author:
rikazzz
Comment
Advance Accounting and Auditing
Actual overhead cost appear:
On a job cost sheet
In the work in process account
In the financial goods account
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
A job order costing system is most appropriate for which of the following types of manufacturing?
Flour milling
Paper manufacturer
Automobile manufacturer
Shipbuilders
Author:
rikazzz
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Advance Accounting and Auditing
Books of original entry are called:
Ledger
Worksheets
Journal
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
Audit and special audit are the same:
In Insurance company
In Banking Company
In Organization
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
For preparing balance sheets prepaid expenses are shown as part of:
Liability
Equities
Assets
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
Short-Term Loan can be best described as :
If the period is three years
If the period is less than one year
If the period is over one year
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
In Pakistan commercial bank can be formed and is registered under the:
Companies Ordinance 1984
Banking companies ordinance 1962
State Bank of Pakistan Act 1956
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
All the direct expenses charged to:
Balance sheet
Profit and loss account
Trading account
None of these
Author:
rikazzz
Comment
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