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Accounting Mcqs

Free 1591+ Accounting Mcqs for PPSC, FPSC, NTS, and Pakistan government job tests. Practise below with answers and explanations.

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Accounting Mcqs — MCQs for Pakistan government job tests

About this subject

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.

Subcategories

Explore narrower topics under Accounting Mcqs with their own MCQ sets.

Bank reconciliation statement MCQs
CASH BOOK MCQS
Cost Accounting Mcqs
Ledger
Principles of Accounting

Practice questions

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1.What term describes the proportion or count of various products that collectively represent a company's total sales?

2.In cost accounting, what term describes the financial method of setting a product's price higher than its production or acquisition cost?

3.Given a bundle with a contribution margin of $4,000 and total sales revenue of $16,000, what is the contribution margin percentage for the bundle?

4.Given a gross margin of $6,000 and total sales amounting to $26,000, what is the gross margin percentage?

5.If the total revenue amounts to $11,000 and the variable costs total $6,000, what is the contribution margin?

6.What is determined by dividing the fixed costs by the contribution margin ratio for a product bundle?

7.To find _____________, you multiply the target operating income by the tax rate and subtract that amount from the target operating income.

8.What term describes the impact of fixed costs on the variation in operating income?

9.Given that the planned sales volume is 50 units and the breakeven sales volume is 12 units, what is the margin of safety measured in units?

10.What is the name of the distribution type that includes different possible outcomes along with their associated event probabilities?

11.If the contribution margin amounts to $34,000 and the operating income is $12,000, what is the degree of operating leverage?

12.Given a gross margin of $2,000 and total revenue of $5,000, what is the cost of goods sold?

13.What do you obtain when you add the gross margin to the cost of goods sold?

14.To determine the number of units that must be sold, fixed costs are added to the target operating income and then divided by the contribution margin per unit. What does this calculation find?

15.Which ratio is obtained by dividing fixed costs by break-even sales revenue?

16.Which type of distribution characterizes whether events are mutually exclusive or collectively exhaustive?

17.Which of the following metrics is the most effective indicator of a company's competitiveness?

18.Given that the cost of goods sold amounts to $8,000 and the gross profit is $5,000, what is the total revenue?

19.Given a fixed cost of $10,000, a desired operating income of $8,000, and a contribution margin of $900 per unit, how many units must be sold to meet the target?

20.If the fixed costs amount to $25,000 and the breakeven sales revenue is $95,000, what is the contribution margin percentage?

How to prepare with Accounting Mcqs

  • Work through questions topic by topic, then revisit any you answered incorrectly.
  • Read explanations carefully—they often cover facts that repeat across PPSC, FPSC, and NTS papers.
  • Pair subject practice with past papers to see how Accounting Mcqs appears in real exam conditions.

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