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Accounting Assistant Test Assessment

Topics Covered

  • Accounting Fundamental
  • Financial Analysis
  • Management Accounting
  • Numerical Reasoning
  • Excel Advance 2016

Useful for hiring

  • Accounting Assistant

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Capacity Manager
Question

Authorised capital of a company is $0.5mn, 40% of it is paid up. Loss incurred during the year is $50,000. Accumulated loss carried from last year is $0.2mn. The company has a Tangible Net Worth of ______

Answer
    • Nil

    • $0.25mn

    • (-)$.50,000

    • $0.1mn

Question

Consider below graph:


If the average profit made on each PC sold by Quick PC was $62, what was the total profit over the four months for Quick PC?

Answer
    • None of the mentioned

    • $3,857

    • $3,782

    • $3,144

Question

The Cape Cod Cotton Candy Company had the following information available regarding last year's operations:

If sales were to increase by 200 units, what would be the effect on net income?

Answer
    • $400 increase

    • $200 increase

    • $150 increase

    • $100 increase

    • $200 loss

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