When a bill is dishonoured, the drawer records: MCQ with Answer and Explanation
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Question #1
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In partnership, the 'Sacrificing Ratio' is calculated during:
Correct Answer: Option B
Explanation:
The sacrificing ratio is the ratio in which existing partners give up their share of profit in favor of the new partner upon admission.
The sacrificing ratio is the ratio in which existing partners give up their share of profit in favor of the new partner upon admission.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Which of the following is a technique of cost management?
Correct Answer: Option D
Explanation:
Standard costing is a cost management technique for controlling costs through variance analysis.
Standard costing is a cost management technique for controlling costs through variance analysis.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is not an external user of accounting information?
Correct Answer: Option D
Explanation:
Management is an internal user. External users include investors, government, suppliers, creditors, etc.
Management is an internal user. External users include investors, government, suppliers, creditors, etc.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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