NTS Accounting MCQs | Accounting Questions for NTS Test

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NTS Accounting Multiple Choice Questions (MCQs). Accounting MCQs for NTS Test. Basics of Accounting and Auditing, Accounting theory and practice questions (NTS Test Preparation Material).

FEATURED ACCOUNTING MCQ
1. A business has incurred following costs in a financial year:
I. Extension in building = $2 million
II. Repairs to building = $0.4 million
III. Overhaul to machinery that increased production capacity = $0.5 million
What is the amount of capital expenditure incurred during the year?
(A) $2 million
(B) $2.4 million
(C) $2.5 million
(D) $2.9 million

ANSWER: NTS ACCOUNTING MCQ
1. (C) $2.5 million

NTS ACCOUNTING TEST PREPARATION MATERIAL
Accounting MCQs