Top 50+ Solved Accounting for Leases MCQ Questions Answer

a. A payment is made for the use of Assets

b. A fixed payment for the use of Fixed Assets

c. Payment made by owners

d. None of the above

a. Production

b. Sales

c. Purchase

d. Both A and B

a. Production

b. Sales

c. Purchase

d. Both A and B

a. Sales

b. Production

c. Purchase

d. Both A and B

a. Qwner

b. User

c. None

d. Both

a. Owner

b. User

c. None

d. Both

a. Payment for use of land which is fixed

b. Payment for the use of land on the basis of output

c. A payment made to owner

d. None of the above

a. Dead Rent

b. Rock Rent

c. Fixed rent

d. All of the above

a. Minimum rent

b. Capital

c. Cash

d. None

a. Increase

b. Decrease

c. No change

d. all

a. True

b. False

c. none

d. all

a. True

b. False

c. none

d. all

a. Nominal account

b. Real account

c. Personal Account

d. None of the above

a. Excess of minimum rent over the actual royalty

b. Excess of actual royalty over minimum rent

c. Excess of standard output over Actual output

d. None of the above

a. Excess of minimum rent over the actual royalty

b. Excess of actual royalty over minimum rent

c. Excess of actual royalty over minimum rent

d. None of the above