Accounting Test Online - Part 8

Today is 31st May and this is the end of may. Now, today, we are starting a new section in which, I will teach accounting whole the month and end of month, you have to give test. This will be objective type. If you learn everything seriously in accounting education, you will clear this test. If you did not clear the test, it means, you need to learn more. Following are the questions which are taken from my written contents in 1st May to 30th May 2012.

Question 1. What is Segment Reporting?

(a) To make the journal of branch and show its detail in report. (b) To promote the division and show its report to higher authorities. (c) To Make the report of the weakness of employees. (d) To show revenue and financial position on the basis of different products and services.

Question 2. Who will give bid in share market?

(a) SEBI (b) Sellers of shares (c) Buyer of shares (d) Govt. Company

Question 3. Who has to accept the terms of bond Indenture?

(a) The person who will buy the bonds. (b) The company who will issue the bonds. (c) Bond indenture is legal agreement. Both parties have to accept its written terms.   (d) Broker who will sell the bond indenture.

Question 4. Why is Rupee falling against Dollar?

(a) Increasing the imports from USA, False advertising of USA Companies' zero quality products and other conspiracies (b) Increases the prices of petrol (c) Euro Crisis (d)  For increasing the tour of USA peoples in India

Question 5. How to Calculate Working Hours?

(a) Total Hours / Rate per hour (b)  Total Cost / Rate per hour (c) No. of Women X No. of Men X Rate X hours (d) Total Cost X Rate per hour

Question 6. Balance sheet shrinking means

(a) To sells assets for repaying the loan. (b)  To getting loan for buying new assets.

Question 7. What is today beta of Microsoft Company?

(a) 1.36 (b) 0.99

Question 8. What is Sales price Variance?

(a) It is the difference between actual sales quantity and standard sales price. (b) It is the difference between actual sales price and standard sales price. (c) It is the difference between actual sales price and standard sales quantity. (d) It is the difference between standard sales quantity and actual sales quantity.

Question 9. What is sales volume variance?

(a) It is the difference between actual sales quantity and standard sales price. (b) It is the difference between actual sales quantity and standard sales quantity. (c) It is the difference between actual sales price and standard sales quantity. (d) It is the difference between standard sales quantity and actual sales quantity.

Question 10. In ledger posting, how will post the journal entry  - cash account dr.   bank account cr

(a) In cash account's debit side, we will show bank account and in bank account's credit side, we will show cash account. (b)   In  bank account's debit side, we will show cash account and in cash account's credit side, we will show bank account. (c) We will show only cash account in Bank account's credit side (d)   We will show only bank account in Cash account's debit side Please see the correct answer at here.