Job Solution - সম্পূর্ণ বিষয় একত্রে - Page 31 - Prothom Sir

1.

$0.014 \times 0.014$ = ?

0.000196

0.00196

19.6

196

0.000196

0.00196

19.6

196

2.

Zenith Company had net credit sales of Tk 7,20,000 and cost of goods sold of Tk 5,00,000 during the year 2023. The balance in accounts receivable at the beginning of the year was Tk 80,000, and at the end of the year it was Tk 1,20,000. What was the average collection period in days considering 360 days in a year?

50 days

60 days

72 days

75 days

None of these

50 days

60 days

72 days

75 days

None of these

3.

Which of the following incidents decreases the acid test ratio?

decrease in closing inventory

increase in receivables

increase in accounts payables

increase in deferred tax liabilities

None of these

decrease in closing inventory

increase in receivables

increase in accounts payables

increase in deferred tax liabilities

None of these

4.

Last year, ABC PLC. earned a gross profit margin of 30% on Tk 2,00,000 sales. The company received Tk 2,000 interest income on investment, paid Tk 1,000 interest on long term bond, repaid a short term loan of Tk 20,000 and incurred Tk 31,000 operating expense. If the corporate tax rate was 25% then what was the net income of this company?

Tk 2,500

Tk 5,000

Tk 7,500

Tk 8,000

None of these

Tk 2,500

Tk 5,000

Tk 7,500

Tk 8,000

None of these

5.

The costs of XYZ Inc. are: Utilities for manufacturing equipment Tk 1,200, Raw material Tk 5,000, Depreciation on head office building Tk 2,200, Indirect wages Tk 3,000, Delivery expense Tk 1,400, Property tax on factory Tk 700. What is the product cost of XYZ Inc.?

Tk 8,700

Tk 9,900

Tk 10,400

Tk 11,800

None of these

Tk 8,700

Tk 9,900

Tk 10,400

Tk 11,800

None of these

6.

MN Company is planning to sell 200,000 pliers for Tk 4 per unit. The contribution margin ratio is 25% and fixed cost is Tk 40,000. What is the margin of safety of MN Company?

15%

২০%

25%

৩০%

None of these

15%

২০%

25%

৩০%

None of these

7.

The trial balance shows Supplies Tk 0 and Supplies Expense Tk 1,500. If Tk 800 of Supplies are on hand at the end of the period, the adjusting entry is:

debit Supplies Tk 800 and credit Supplies Expense Tk 800.

debit Supplies Expense Tk 800 and credit Supplies Tk 800.

debit Supplies Tk 700 and credit Supplies Expense Tk 700.

debit Supplies Expense Tk 700 and credit Supplies Tk 700.

None of these

debit Supplies Tk 800 and credit Supplies Expense Tk 800.

debit Supplies Expense Tk 800 and credit Supplies Tk 800.

debit Supplies Tk 700 and credit Supplies Expense Tk 700.

debit Supplies Expense Tk 700 and credit Supplies Tk 700.

None of these

8.

Items that are added back to net income in determining net cash provided by operating activities under the Indirect method do not include.

Depreciation expense

amortization expense.

an increase in accounts receivables.

loss on sale of equipment.

None of these

Depreciation expense

amortization expense.

an increase in accounts receivables.

loss on sale of equipment.

None of these

9.

When Luminous Company purchased supplies worth Tk 600, it incorrectly recorded a credit to Supplies for Tk 6,000 and a debit to Cash for Tk 6,000. Before correcting this error:

Cash is overstated and Supplies is overstated

Cash is understated and Supplies is understated.

Cash is understated and Supplies is overstated,

Cash is overstated and Supplies is understated.

None of these

Cash is overstated and Supplies is overstated

Cash is understated and Supplies is understated.

Cash is understated and Supplies is overstated,

Cash is overstated and Supplies is understated.

None of these

10.

A credit sale of Tk 750 is made on March 3, terms 2/10, net/30. A return of Tk 50 is granted on March 6. The amount received as payment in full on March 9 is:

Tk 650

Tk 685

Tk 686

Tk 700

None of these

Tk 650

Tk 685

Tk 686

Tk 700

None of these

11.

In periods of rising prices, LIFO will produce -

higher net income than FIFO.

the same net income as FIFO.

lower net income than FIFO.

higher net income than average-cost.

None of these

higher net income than FIFO.

the same net income as FIFO.

lower net income than FIFO.

higher net income than average-cost.

None of these

12.

At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -

Tk 0

Tk 4,500

Tk 11,500

Tk 23,000

None of these

Tk 0

Tk 4,500

Tk 11,500

Tk 23,000

None of these

13.

The reconciling item in a bank reconciliation that will result in an adjusting entry by the depositor is:

deposit in transit.

bank service charges.

a bank error.

outstanding checks.

None of these

deposit in transit.

bank service charges.

a bank error.

outstanding checks.

None of these

14.

Accounts receivable at the end of the month is Tk 80,000. Bad debts are expected to be 5% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of Tk 1,000 before adjustment, what is the balance after adjustment?

Tk 2,000

Tk 3,000

Tk 4,000

Tk 5,000

None of these

Tk 2,000

Tk 3,000

Tk 4,000

Tk 5,000

None of these

15.

Square Company purchased a piece of equipment on January 1, 2022. The equipment cost was Tk 60,000 and had an estimated life of 8 years and a salvage value of Tk 8,000. What was the depreciation expense for the asset for 2023 under the double declining balance method?

Tk 6,562

Tk 6,500

Tk 11,250

Tk 15,000

None of these

Tk 6,562

Tk 6,500

Tk 11,250

Tk 15,000

None of these

16.

Lia purchases 50% capital interest in the Kader and Shefa partnership for Tk 22,000. If the capital balance of Kader and Shefa are Tk 40,000 and Tk 30,000, respectively, then Lia's capital balance following the purchase is:

Tk 15,000

Tk 20,000

Tk 22,000

Tk 35,000

None of these

Tk 15,000

Tk 20,000

Tk 22,000

Tk 35,000

None of these

17.

Free cash flow provides an indication of a company's ability to:

manage inventory.

generate cash to pay additional dividends.

generate cash to invest in new capital expenditures.

Both (A) and (B)

both (b) and (c)

manage inventory.

generate cash to pay additional dividends.

generate cash to invest in new capital expenditures.

Both (A) and (B)

both (b) and (c)

18.

Which of the following errors would be disclosed by the trial balance?

A check of Tk 95 from Karim was entered in Rahim's account as Tk 59

Selling expense had been debited to Sales Account

Credit sales of Tk 300 entered in both double entry accounts as Tk 30

A purchase of Tk 250 was omitted entirely from the books

None of these

A check of Tk 95 from Karim was entered in Rahim's account as Tk 59

Selling expense had been debited to Sales Account

Credit sales of Tk 300 entered in both double entry accounts as Tk 30

A purchase of Tk 250 was omitted entirely from the books

None of these

19.

The UN Democracy Fund was founded in which year?

2002

২০০৮

2007

None of these

2002

২০০৮

2007

None of these

20.

What is the largest mammal on the Earth?

elephant

Blue Whale

Giraffe

Polar Bear

None of these

elephant

Blue Whale

Giraffe

Polar Bear

None of these