651. Current maturity of long term loan is:
A. Current Liability
B. Long Term Liability
C. None of these

652. Prime cost is calculated as under:
A. Manufacturing Cost/Cost of Goods Sold
B. Direct Method plus factory overheads
C. Direct labour + Direct Material
D. None of these

953. Process Cost is very much applicable in:
A. Construction Industry
B. Pharmaceutical Industry
C.Air line company
D. None of these

654. Random sampling in auditing means:
A. Selection through convenience sampling
B. Selection through scientific sampling approach
C. None of these

655. Increase in income constitutes:
A. Inflows
B. Outflows
C. None of these

656. M & A stands for:
A. Mergers & Analysis
B. Mergers & Acquisitions
C. Mergers & Allocation
D. None of these

657. An endowment insurance policy can be taken in respect of:
A. Fire insurance
B. Accident insurance
C. Life insurance
D. None of these

658. Acid test is the same as:
A. Quick test
B. Liquid test
C. None of these

659. Acid Test Ratio is calculated as under:
A. Current Assets/Current Liabilities
B. Fixed Assets/Current Liabilities
C. Liquid Assets/Current Liabilities
D. None of these

660. Deferred cost is a:
A. Liability
B.Asset
C. None of these

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
THANK YOU

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