MCQ Collection
BPSC Accounts Audit Finance MCQs
Practice BPSC Accounts Audit Finance questions with answers and explanations.
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Correct Answer: A. inspection
Explanation:
inspection is the term that matches the description: examining records, documents or tangible assets
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Correct Answer: B. 32
Explanation:
20% of 160 = 20/100 × 160 = 32.
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Correct Answer: B. payment made before the related benefit is consumed
Explanation:
prepayment refers to payment made before the related benefit is consumed
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Correct Answer: C. using accounting policies consistently across periods unless change is justified
Explanation:
consistency refers to using accounting policies consistently across periods unless change is justified
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Correct Answer: D. 19
Explanation:
The sum is 133 and there are 7 values, so the average is 19.
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Correct Answer: C. the amount by which expenditure exceeds revenue
Explanation:
budget deficit refers to the amount by which expenditure exceeds revenue
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Correct Answer: C. software designed to harm or misuse a computer system
Explanation:
malware refers to software designed to harm or misuse a computer system
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Correct Answer: D. has
Explanation:
The subject “Each” is singular, so “has” is correct.
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Correct Answer: B. provision
Explanation:
provision is the term that matches the description: an estimated liability of uncertain timing or amount
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Correct Answer: D. RAM
Explanation:
RAM is the term that matches the description: volatile working memory used by running programs
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Correct Answer: C. a statement of assets, liabilities and equity at a point in time
Explanation:
balance sheet refers to a statement of assets, liabilities and equity at a point in time
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Correct Answer: D. the residual interest in assets after deducting liabilities
Explanation:
equity refers to the residual interest in assets after deducting liabilities