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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


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


Accounting Principals Quiz

MCQ: starting point in operating budget is

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


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


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