Accounting Practice MCQ Page 53

Multiple Choice questions for Accounting in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 4398   If a supermarket marks up its goods for resale by 10% on cost, the gross profit made on RS. 1,000 worth of purchased should be
  1. RS. 100
  2. RS. 900
  3. RS. 1,000
  4. RS. 1,100
Question: 4399   which one of the following is most likely to have the lowest rate of stock turn?
  1. A super market
  2. A greengrocer
  3. A news agent
  4. A jeweler
Question: 4401   The amount owed to creditors for supplies of sweets at 31 December was
  1. RS. 30
  2. RS. 210
  3. RS. 420
  4. RS. 600
Question: 4404   During a year a store makes a gross profit of RS. 80,000 which is 20% of the cost of goods sold The sales mast therefore be
  1. RS. 4,000,000
  2. 4,80,000
  3. RS. 5,20,000
  4. RS. 1,00,000
Question: 4411   During a year a store's sales are rs. 5,00,000 and expenses are 20% of the gross profit. If 25% is added to the cost price of goods to obtain the selling price, the net profit is
  1. RS. 25,000
  2. RS. 55,000
  3. RS. 80,000
  4. RS. 1,00.000

Answers to the questions of Accounting on this page

Following list gives the correct choice for the answer of the Accounting mcqs.
4398 . A       4399 . D       4401 . B       4404 . B       4411 . C      

Select Page Number

Accounting Page 1Accounting Page 2Accounting Page 3Accounting Page 4Accounting Page 5Accounting Page 6Accounting Page 7Accounting Page 8Accounting Page 9Accounting Page 10Accounting Page 11Accounting Page 12Accounting Page 13Accounting Page 14Accounting Page 15Accounting Page 16Accounting Page 17Accounting Page 18Accounting Page 19Accounting Page 20Accounting Page 21Accounting Page 22Accounting Page 23Accounting Page 24Accounting Page 25Accounting Page 26Accounting Page 27Accounting Page 28Accounting Page 29Accounting Page 30Accounting Page 31Accounting Page 32Accounting Page 33Accounting Page 34Accounting Page 35Accounting Page 36Accounting Page 37Accounting Page 38Accounting Page 39Accounting Page 40Accounting Page 41Accounting Page 42Accounting Page 43Accounting Page 44Accounting Page 45Accounting Page 46Accounting Page 47Accounting Page 48Accounting Page 49Accounting Page 50Accounting Page 51Accounting Page 52Accounting Page 53

MCQ for Practicing Subject Tests

Biology Chemistry Computer Sciences Management Physics Other Subjects
USA College Scholarships Computer Sciences MCQ Management Sciences MCQ Physics MCQ Chemistry MCQ Biology MCQ

----------------------