A. Cost of goods sold
B. Cost accounting
C. Standard cost
D. Overhead cost
Correct Answer: Cost of goods sold ✔
Last Updated: August 25, 2020
Related MCQs
- What is defined as the current assets minus inventories and prepaid expenses ?
- The common ratio is the ratio of__________?
- What is an index of short-term paying ability ?
- The financial health of the company is measured in terms of__________?
- What is the basic accounting equation ?
- The ability to convert assets to cash quickly is known as __________?
- The ability to meet debts as they become due is known as __________?
- What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product ?
- A form of business firm which is owned and run by a group of individuals for their mutual benefit is called __________?
- What is a government bond which has an indefinite life rather than a specific maturity ?
- What is another term for “acid-test ratio” ?
- Gross margin is the ratio of the gross profit to __________?
- Return on investment ratio is the ratio of the__________?
- The true value of interest rate computed by equations for compound interest for a 1 year period is known as __________?
- Capitalized cost of any structure or property is computed by which formula ?
- As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called __________?
- The flow back of profit plus depreciation form a given project is called __________?
- What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save ?
- The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as __________?
- What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate__________?
- What refers to the negotiable claim issued by a bank in lien of a term deposit ?
- What is the reduction in the money value of capital asset is called ?
- What is the increase in the money value of a capital asset is called?
- What is used when a quick estimate of the doubling time for the invested money is needed ?
- What do you call a one-time credit against taxes ?
- The ratio of the net income before taxes to net sales is called __________?
- What is a measure of the average speed with which accounts receivable are collected ?
- All are classified under direct labor expenses EXCEPT one. Which one ?
- All the proceeds which are received by the business as a result of the sale of goods is called __________?
- The original record of a business transaction is recorded in this book__________?
- What is a secondary book of accounts, the information of which is obtained from the journal is called ?
- What is used to record historical financial transactions ?
- What is the change in cost per unit variable change called ?
- What is another term for “current assets” ?
- What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment ?
- Lands, buildings, plants and machineries are example of what type of asset ?
- Which of the following is an example of intangible asset ?
- __________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations?
- The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as __________?
- What represents the share of participation in business organizations?
- Cash money and credit necessary to establish and operate an enterprise are generally called __________?
- What refers to the claim of anyone to ownership ?
- What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for ?
- The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called __________?
- What stock represents ownership and enjoys certain preferences than ordinary stock ?
- What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?
- Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called __________?
- An association of two or more persons for the purpose of engaging into a business for profit is called __________?
- Which is true about corporation ?
- Which is true about partnership ?
- In case of bankruptcy of a partnership__________?