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Accounting Concepts Quiz Questions and Answers 70 PDF Download

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Quiz on Accounting Concepts Worksheet 70Quiz PDF Download

Accounting Concepts Quiz

MCQ: Higher and accurate budgeted profit forecast of managers lead to

  1. high incentive bonus
  2. low incentive bonus
  3. influence bonus
  4. revenue bonus

A

Insourcing versus Outsourcing Quiz

MCQ: Forgone contribution of resources, into revenues because of not using resources, in next best use is classified as

  1. in-source cost
  2. opportunity cost
  3. offshore cost
  4. outsource cost

B

Accounting Principals Quiz

MCQ: starting point in operating budget is

  1. cost budget
  2. material list
  3. revenue budget
  4. list of investors

C

Cost Allocation & Costing Systems Quiz

MCQ: executive salaries, rent and other general administration cost in corporate costs are classified under

  1. human resource management costs
  2. corporate administration costs
  3. treasury costs
  4. discretionary costs

B

Direct Costs & Indirect Costs Quiz

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

D