Construction Management (2180611) MCQs

MCQs of Construction accounts management

Showing 11 to 18 out of 18 Questions
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11.
In a cash method of how is revenue is calculated?
(a) Revenue = Billed to date – costs incurred to date
(b) Revenue = Payment received to date – cost paid to date
(c) Revenue = Percentage complete x contract value
(d) Revenue is calculated after project completion
Answer:

Option (b)

12.
In straight accrual method revenue is calculated by ________
(a) Revenue = Billed to date – costs incurred to date
(b) Revenue = Payment received to date – cost paid to date
(c) Revenue = Percentage complete x contract value
(d) Revenue is calculated after project completion
Answer:

Option (a)

13.
Data required to prepare contract status report is _________
(a) Contract value
(b) Cost to date
(c) Total amount billed to date
(d) All of the above
Answer:

Option (d)

14.
Which of the following is not a long term liability?
(a) Loans from financial institution
(b) Bonds
(c) Taxes payable
(d) Mortgages
Answer:

Option (c)

15.
Which of these is a current liability?
(a) Accounts payable
(b) Accrued expenses
(c) Short term bank credit
(d) All of the above
Answer:

Option (d)

16.
Which of these is not a type of assets?
(a) Tangible fixed assets
(b) Intangible fixed assets
(c) Current assets
(d) All of the above
Answer:

Option (d)

17.
Which information is not found on profit and loss account?
(a) Gross profit
(b) Financial Transactions
(c) Interest details
(d) Outstanding expenses
Answer:

Option (b)

18.
Which of these ratio cannot be used to study financial performance?
(a) Net Income ratio
(b) Profitability ratio
(c) Liquidity ratio
(d) Activity ratio
Answer:

Option (a)

Showing 11 to 18 out of 18 Questions
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