Top 150+ Solved Advance Accounting MCQ Questions Answer
Q. If Gross profit is Rs. 27000 and Sales Rs. 90000 then gross profit will be ……..
a. 30%
b. 25%
c. 30%
d. 30%
Q. If stock is for 110----------------- 44000 100-------------------?
a. . 40000
b. 50000
c. 55000
d. 45000
Q. If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
a. . 17500
b. 18000
c. 19000
d. 25000
Q. If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
a. .23625
b. 24625
c. 25625
d. 23525
Q. If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
a. 47250
b. 48250
c. 26000
d. 25000
Q. If Sales of last year is Rs. 600000 and sales of corresponding current year isRs.200000 then Short sales will be ……………
a. 400000
b. 500000
c. 250000
d. 256000
Q. IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit onSales will be ………..
a. Rs. 80000
b. Rs. 50000
c. Rs. 85000
d. None of the above
Q. IF Gross profit rate is 40% and Short Sales is Rs. 250000, then Loss of Profit onSales will be ………..
a. Rs. 100000
b. Rs. 50000
c. Rs. 85000
d. None of the above
Q. If Sales of last year is Rs. 450000 and sales of corresponding current year isRs.200000 then Short sales will be ……………
a. 250000
b. 500000
c. 250000
d. 256000
Q. A society which as proclaimed as its objective the………….of economic interestof its member
a. Promotion
b. Demotion
c. Recession
d. none of these