The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?

Related Mcqs:

1. Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation?

   A. Added, Reduced
   B. Added, Added
   C. Deducted, Added
   D. Deducted, Deducted

2. Generally the term fund is used to mean the difference between?

   A. Current assets and current liabilities
   B. Profit and loss A/C and Balance sheet
   C. Current assets and non-current liabilities
   D. Current liabilities and non-current liabilities

3. Petty cash fund is supposed to be replenished?

   A. Every day
   B. Every half year
   C. Every year
   D. At the end of every accounting period

4. Depreciation fund method is also known as__________?

   A. Sinking Fund Method
   B. Annuity Method
   C. Sum of Year Digits Method
   D. None of these

   Submitted by: Syed Nizakat Ali Shah

5. BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?

   A. Cash receipts journal
   B. Cash payments journal
   C. Sales journal
   D. Purchase journal

6. Amount paid to Masood posted to the credit side of his account would affect___________?

   A. Masood’s account
   B. Cash account
   C. Cash account and Gagan’s account
   D. None of these

7. A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case

   A. P&L A/C is debited with 1,400
   B. P&L A/C is debited with 1,200
   C. 200 is shown as current asset
   D. Both B. and C. above

8. Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?

   A. 1,600
   B. 1,500
   C. 1,000
   D. 1,800

   Updated by: Mohammad Ejaz

9. The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?

   A. Direct cost
   B. Variable cost
   C. Commercial cost
   D. Conversion cost

10. A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?

    A. 18,387
    B. 18,560
    C. 18,750
    D. 19,000