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Basics of Accounting Multiple Choice Questions and Answers 1 PDF Book Download

Basics of accounting MCQs, basics of accounting quiz with answers to learn MBA accounting quiz 1 for accounting online courses. Learn direct costs and indirect costs multiple choice questions (MCQs), basics of accounting quiz questions and answers. Free e-learning tutorial on direct costs and indirect costs, what is cost in accounting test prep for certified financial advisors.

Practice basics of accounting career test with multiple choice question: material or anything for which cost is to be measured is known as, to learn finance and accounting degree with options cost object, measurement object, accounting object, budget object for financial advisor jobs. Professional skills assessment test with online learning direct costs and indirect costs quiz questions with financial accounting MCQs for finance certifications. Direct Costs and Indirect Costs Video

MCQ on Basics of Accounting Test 1Quiz Book 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