Sail E0 Webinar

MCQs

Total Questions : 842 | Page 25 of 85 pages
Question 241. Which one of the following is NOT true about revenue expenditure?
  1.    These are the running expenses of the business
  2.    They improve the financial position of the business
  3.    They reduce the profit of the concern
  4.    They do not appear in the balance sheet
 Discuss Question
Answer: Option B. -> They improve the financial position of the business
Question 242. Which one of the following statement is CORRECT about long term liabilities?
  1.    These are due within one year
  2.    These consist of all debts, payabke after 12 months
  3.    In working capital, these are deducted from current assets
  4.    All of the above
 Discuss Question
Answer: Option B. -> These consist of all debts, payabke after 12 months
Question 243. Which one of the following can offer its share to public at large?
  1.    Private limited company
  2.    Listed company
  3.    Partnership firm
  4.    Trust
 Discuss Question
Answer: Option B. -> Listed company
Question 244. The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called
  1.    Subscribers
  2.    Shareholders
  3.    Managers
  4.    Directors
 Discuss Question
Answer: Option A. -> Subscribers
Question 245. Which of the following are the owners of a company?
  1.    Proprietors
  2.    Partners
  3.    Shareholders
  4.    Managers
 Discuss Question
Answer: Option C. -> Shareholders
Question 246. General office expenses are charged to which of the following head?
  1.    Administrative expenses
  2.    Marketing expenses
  3.    Selling expenses
  4.    Financial expenses
 Discuss Question
Answer: Option A. -> Administrative expenses
Question 247. Stock of a Trading concern consists of
  1.    Raw material
  2.    Work in progress
  3.    Merchandise inventory
  4.    All of the above
 Discuss Question
Answer: Option C. -> Merchandise inventory
Question 248. Expenditure incurred annually on renewal of patent is a
  1.    Revenue expenditure
  2.    Capital expenditure
  3.    Financial expenditure
  4.    Operating expenditure
 Discuss Question
Answer: Option A. -> Revenue expenditure
Question 249. Which of the following account will be credited when the goods are purchased on cash?
  1.    Stock account
  2.    Cash account
  3.    Supplier account
  4.    Work in progress account
 Discuss Question
Answer: Option B. -> Cash account
Question 250. An informal accounting statement that lists the ledger account balances at a point of time and compares the total of debit balances with the total of credit balances is known as
  1.    Income statement
  2.    Balance sheet
  3.    Trial balance
  4.    Cash Book
 Discuss Question
Answer: Option C. -> Trial balance

Latest Videos
Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)
Direction Sense Test Part 1 Reasoning (Hindi)
Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE
Cube & Cuboid Part 1 Reasoning (Hindi)
Data Interpretation (DI) Basic Concept Reasoning (Hindi)
Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)
Sail E0 free webinar Webinars
Real Numbers Part 7 Class 10 Maths
Real Numbers Part 1 Class 10 Maths
Polynomials Part 1 Class 10 Maths

Latest Test Papers

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024
Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI
Chapter 1.1 : INTRODUCTION Chapter 1 : Raw Material Handling Plant SAIL E0 - GPOE/GPA 2024
Chapter 3.1 : INTRODUCTION Chapter 3 : Sinter Plant SAIL E0 - GPOE/GPA 2024
Chapter 2.3 : COAL HANDLING PLANT - Set 1 Chapter 2 : Coke Ovens and Coal Chemicals SAIL E0 - GPOE/GPA 2024