What is a secondary book of accounts, the information of which is obtained from the journal is called?
A. Ledger
B. Trial balance
C. Balanced sheet
D. Worksheet
Engineering Economy
Engineering Economy MCQs with answers for civil engineering test preparation. Economics and engineering MCQs for civil engineering students for competitive exams.
What is used to record historical financial transactions?
A. Balance check
B. General journal system
C. Bookkeeping system
D. Ledger system
What is the change in cost per unit variable change called?
A. Fixed cost
B. Supplemental cost
C. Variable cost
D. Incremental cost
What is an accounting term that represents an inventory account adjustment?
A. Standard cost
B. Overhead cost
C. Cost of goods sold
D. Cost accounting
What is another term for “current assets”?
A. Non-liquid assets
B. Ccash
C. Fixed assets
D. Liquid 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?
A. Rate of return
B. Return of investment
C. Economic return
D. Yield
Lands, buildings, plants and machineries are example of what type of asset?
A. Fixed asset
B. Intangible asset
C. Current asset
D. Trade investment asset
Which of the following is an example of intangible asset?
A. Furnitures
B. Patents
C. Cash
D. Investment in subsidiary companies
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 ____ ?
A. Currency float
B. Currency devaluation
C. Currency appreciation
D. Currency depreciation
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 ___ ?
A. Currency depreciation
B. Currency float
C. Currency appreciation
D. Currency devaluation