Accounting Mcqs
Accounting Mcqs,

Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.

Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments.

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2 Comments to “Consider the following data pertaining to the production of a company for a particular month :”
    1. Cost of Raw Material = Opening inventory-ending inventory
      11,570-10,380= 1,190
      Total Raw Materials Cost= 1,190+128,450= 129,640
      Manufacturing Cost (consists only direct labor & FOH only as material cost is separately given)= 339,165-129,640
      209,525
      As this amount is 145% because it includes 45% FOH an the other portion is Direct Labor so, = 209,525/145*45
      65,025

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