BSEB (Bihar State Electricity Board) Accounts Officer Question Paper.
Free Download pdf Bihar State Electricity Board (BSEB) Exam BSEB Account officers question papers Accounts/ Financial Management/ Cost Accounting/ Tax/ Commercial Laws/Auditing mcq papers sample model BSEB papers
Which of the following contents are included in the Cost of goods sold?
Select correct option:
Opening stock
Purchases
Freight in
All of the given options
Which of the following Journal entry will be recorded when the bad debts are recovered?
Select correct option:
Cash account (Dr.) & Bad Debts recovered account (Cr.)
Accounts Receivable (Dr.) & Bad Debts recovered account (Cr.)
Bad debts recovered account (Dr.) and profit & loss account (Cr.)
Provision for doubtful debts account (Dr.) & cash account (Cr.)
Which of the following is NOT correct?
Select correct option:
Decrease in Assets will be credit
Decrease in Liabilities will be credit
Decrease in Expenses will be credit
Decrease in Revenue will be debit
Particulars Rs. Opening written down value of machine 1,00,000 Cost of new machine purchased during the year 50,000 Depreciation during the year 20,000 Closing written down value (WDV) ?
Select correct option:
Rs. 1,30,000
Rs. 1, 50,000
Rs. 1, 20,000
Rs. 70,000
An accounting system is used by a business to:
Select correct option:
Analyze transactions
Handle routine bookkeeping tasks
Structure information
All of the given options
In an account if debit side > credit side, the balance is known as the:
Select correct option:
Negative Balance
Debit balance
Positive Balance
Credit balance
Details of individual accounts are kept in a separate register / ledger called:
Select correct option:
Control Account
Subsidiary Ledger
General Journal
All of the given options
which of the following statement/s closing stock is/are shown?
Select correct option:
Profit and loss account
Balance sheet
Income statement
All of the given options
Which of the following particular/s is/are included in payment voucher?
Select correct option:
Name of organization
Cash payment
Date
All of the given options
Which of the following appears in both the Income Statement debit column and the Balance Sheet credit?
Select correct option:
Net income
Net loss
Dividends
Retained earnings
A book that keeps separate record for each account is known as:
Select correct option:
Trial Balance
Voucher
General Journal
General Ledger
Which of the following Organization converts raw material into finished goods?
Select correct option:
Trading concern
Manufacturing concern
Merchandising concern
Service concern
Franchise rights, goodwill and patents are the examples of:
Select correct option:
Liquid assets
Tangible assets
Intangible assets
Current assets
Cost of goods sold + ending finished goods – opening finished goods=?
Select correct option:
Total factory cost
Cost of goods manufactured
Prime cost
Conversion cost
accounting, which of the following account will be credited if the bad debts are recovered in cash?
Select correct option:
Cash a/c
Bad debt recovered a/c
Doubtful debts a/c
Provision for bad debts a/c
What should be credited, if rent paid in cash?
Select correct option:
Landlord’s account
Rent account
Cash account
Accounts receivable account
Sales to Mr. “A” of Rs. 336 have been debited to Mr. “B” account, this will be rectified by:
Select correct option:
Debiting Mr. A’s account and crediting Mr. B’s account
Debiting Mr. B’s account and crediting Mr. A’s account
Crediting both accounts
Debiting both accounts
If cost of sales is Rs. 60,000, income from sales Rs. 95,000 and direct expenses Rs. 10,000. Calculate Net profit.
Select correct option:
Rs. 15,000
Rs. 35,000
Rs. 55,000
Rs. 60,000
Particulars Rs. Opening written down value of machine 4,10,000 Cost of machine purchased during the year 50,000 Depreciation during the year 20,000 closing written down value (WDV) of the Machines ?
Select correct option:
Rs. 4, 40,000
Rs. 4, 30,000
Rs. 4, 80,000
Rs. 70,000
Which of the following voucher is used to record receipt of cash?
Select correct option:
Journal Voucher
Receipt Voucher
Payment Voucher
Nominal Voucher
In double entry system discount received is recorded as:
Select correct option:
Creditors a/c (Dr.), Discount received a/c (Cr.)
Discount received a/c (Dr.), Creditors a/c (Cr.)
Debtor a/c (Dr.), Discount received a/c (Cr.)
Discount received a/c (Dr.), Debtor a/c (Cr.)
The expenses which are NOT paid out of Gross Profit is classified as:
Select correct option:
Direct Expenses
General Expenses
Financial Expenses
Selling Expenses
Which of the following account(s) would be decreased with a debit?
Select correct option:
Capital
Retained Earnings
Revenues
All of the given options
Which of the following is fiscal Year of Government of Pakistan?
Select correct option:
1st January to 31st December
1st June to 31st May
1st July to 30th June
1st October to 30th September
Which of the following is/are inventory valuation method(s)?
Select correct option:
FIFO
LIFO
Weighted average
All of the given options
Which of the following particular/s is/are included in receipt voucher?
Select correct option:
Name of organization
Bank receipt
Date
All of the given options
Which of the following assets is most likely to appreciate rather than depreciate?
Select correct option:
Land
Motor vehicles
Plant and machinery
Fixtures and fittings
Which of the following item needs to be entered in the Cash Book in order to bring it in line with the entries on the Bank Statement?
Select correct option:
A bank charges
An error on the Bank Statement
An uncredited deposit
An unpresented cheque
Which of the following are microeconomic variables that help define and explain the discipline of finance?
A) risk and return
B) capital structure
C) inflation
D) all of the above
One primary macroeconomic variable that helps define and explain the discipline of finance?
A) capital structure
B) inflation
C) technology
D) risk
The money markets deal with _________.
A) securities with a life of more than one year
B) short-term securities
C) securities such as common stock
D) none of the above
The ability of a firm to convert an asset to cash is called ____________.
A) liquidity
B) solvency
C) return
D) marketability
5
Early in the history of finance, an important issue was:
A) liquidity
B) technology
C) capital structure
D) financing options
The ___________________ is the most common form of business organization in the U.S.
A) corporation
B) partnership
C) sole proprietorship
D) none of the above
The ____________________ has more sales in dollars than any other form of business organization.
A) sole proprietorship
B) partnership
C) corporation
D) none of the above
One major disadvantage of the sole proprietorship is ________________.
A) simplicity of decision-making
B) unlimited liability
C) low operational costs
D) none of the above
The appropriate firm goal in a capitalist society is ________________.
A) profit maximization
B) shareholder wealth maximization
C) social responsibility
D) none of the above
The agency problem will occur in a business firm if the goals of ____________ and shareholders do not agree.
A) investors
B) the public
C) management
D) none of the above
The accounting statements that a firm is required to file include all but one of these.
A) Balance Sheet
B) Statement of Accounts Receivable
C) Income Statement
D) Statement of Cash Flows
The _______________ shows the firm’s financial position over a period of time.
A) Income Statement
B) Statement of Cash Flows
C) Balance Sheet
D) None of the above
All of the following except one are tax-deductible expenses.
A) interest expense
B) depreciation
C) common stock dividends
D) income taxes
All of the following are non-operating expenses except _____________.
A) interest expense
B) cost of goods sold
C) preferred stock dividends
D) taxes
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