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Accounting Concepts Quiz Questions and Answers 70 PDF Download

Learn accounting concepts quiz online, cost accounting test 70 for online learning, distance learning courses. Free accounting concepts MCQs questions and answers to learn accounting quiz with answers. Practice tests for educational assessment on accounting concepts test with answers, direct costs and indirect costs, cost allocation and costing systems, accounting principals, insourcing versus outsourcing, accounting concepts practice test for online BBA programs courses distance learning.

Free online accounting concepts course worksheet has multiple choice quiz question: higher and accurate budgeted profit forecast of managers lead to with choices high incentive bonus, low incentive bonus, influence bonus and revenue bonus with past papers, exam papers and past papers important questions for online distance learning tests, study master budget & responsibility accounting multiple choice questions based quiz question and answers. Accounting Concepts Video

Quiz on Accounting Concepts Worksheet 70 Quiz 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