Correct Answer:
A. Rs. 12,100
FV = 10,000 x (1.10)^2 = Rs. 12,100.
November 13, 2026 · Accounting and Finance MCQs, Financial Management & Analysis MCQs
The future value of Rs. 10,000 invested for 2 years at 10% compound interest is:
Related MCQs
Value for money in public audit refers to:
A.
Obtaining the best outcome from resources spent, with economy, efficiency and effectiveness
B.
Spending as little as possible regardless of outcome
C.
Spending the entire budget
D.
Maximizing revenue only
Correct answer is:
A. Obtaining the best outcome from resources spent, with economy, efficiency and effectiveness
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Job order costing is most suitable for:
A.
Custom-made products such as construction projects or printing orders
B.
Continuous production of identical items such as cement
C.
Oil refining
D.
Sugar milling
Correct answer is:
A. Custom-made products such as construction projects or printing orders
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Actual price is Rs. 12, standard price is Rs. 10 and 500 units were purchased. The material price variance is:
A.
Rs. 1,000 adverse
B.
Rs. 1,000 favorable
C.
Rs. 5,000 adverse
D.
Rs. 600 adverse
Correct answer is:
A. Rs. 1,000 adverse
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A share buyback (repurchase) generally:
A.
Increases the number of shares outstanding
B.
Reduces the number of shares outstanding
C.
Raises new equity
D.
Has no effect on cash
Correct answer is:
B. Reduces the number of shares outstanding
Do you agree with this answer?
A prepaid expense is shown in the statement of financial position as:
A.
A current liability
B.
A current asset
C.
Equity
D.
Revenue
Correct answer is:
B. A current asset
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A master budget is:
A.
A budget for the sales department only
B.
A budget prepared after the year ends
C.
A record of actual results
D.
A comprehensive budget summarizing all functional budgets, including budgeted financial statements
Correct answer is:
D. A comprehensive budget summarizing all functional budgets, including budgeted financial statements
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