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Basics of Accounting Multiple Choice Questions and Answers 1 PDF Download

Learn basics of accounting multiple choice questions, MBA cost accounting online test 1 for MBA degree, online courses test prep. Practice direct costs and indirect costs multiple choice questions (MCQs), basics of accounting quiz questions and answers. Learn direct costs and indirect costs, what is cost in accounting career test for online accounting concepts courses distance learning.

Study bachelor of business administration and masters in accounting degree courses, basics of accounting quiz, study guide has multiple choice question (MCQs): cost, which is related to specific cost object and economically traceable, will be classified as with options indirect cost, direct cost, line cost and staff cost for online knowledge tests, online eLearning, undergraduate and masters degree competitive exams. Practice skills assessment test to learn online direct costs and indirect costs quiz questions with financial accounting MCQs to prepare entrance exam for online executive MBA admission. Direct Costs and Indirect Costs Video

MCQ on Basics of Accounting Test 1Quiz PDF Download

MCQ: Cost, which is related to specific cost object and economically traceable, will be classified as

  1. direct cost
  2. indirect cost
  3. line cost
  4. staff cost


MCQ: Material or anything for which cost is to be measured is known as

  1. measurement object
  2. cost object
  3. accounting object
  4. budget object


MCQ: Cost which is changed in proportion to level total volume is

  1. fixed cost
  2. variable cost
  3. total cost
  4. infeasible cost


MCQ: Costs are classified as fixed or variable on basis of

  1. specific activity
  2. given time period
  3. common activity
  4. both a and b


MCQ: Process of tracing direct costs and allocation of indirect costs is known as

  1. cost assignment
  2. direct assignment
  3. indirect assignment
  4. economic assignment