sample paper Accountant Jobs
Practice test For BCOM Jobs
Objective Solved Questions For Accounts Recruitment
1. Inventory is valued at lower of the cost or net realizable value on account of the accounting principle of—
(A) Realization
(B) Consistency
(C) Conservatism
(D) None of the above
Ans. (A)2. In the period of rising prices, LIFO method may result in—
(A) Lowering the profit
(B) Raising the profit
(C) Raising the tax liability
(D) None of the above
Ans. (B)3. Given
Total assets turnover 4
Net Profits 10%
Total Assets Rs. 50000
Net profit will be—
(A) Rs. 15000
(B) Rs. 10000
(C) Rs. 25000
(D) Rs.20000
Ans. (D)4. A company auditor addresses his audit report to
(A) Board of directors
(B) Members
(C) Managing director
(D) Company secretary
Ans. (B)5. Bonus shares means shares issued to—
(A)...