HSC 2026 Accounting 2nd Paper MCQ Solution (English Version)
1. Which is known as hybrid security?
✓ Answer: (d) Preference share
2. Sales without profit is deducted—
i. from closing inventory
ii. from purchase
iii. from sales
Which one is correct?
i. from closing inventory
ii. from purchase
iii. from sales
Which one is correct?
✓ Answer: (c) ii and iii
3. The cost of production of 10 units is Tk. 300. If the company wishes to earn a profit of 25% on sales, then what will be the sales price per unit?
✓ Answer: (d) Tk. 40
4. Which budget should be prepared first in budgetary management?
✓ Answer: (a) Sales budget
Read the following stem and answer the question no. 5 and 6:
The cost of materials used by Anu Manufacturing Company is Tk. 2,00,000. Direct wages is Tk. 80,000 and Factory overhead is Tk. 64,000.
The cost of materials used by Anu Manufacturing Company is Tk. 2,00,000. Direct wages is Tk. 80,000 and Factory overhead is Tk. 64,000.
5. What is the prime cost of the company?
✓ Answer: (a) Tk. 2,80,000
6. If the cost of raw materials increase by 10% and direct wages decrease by 5%, then—
i. prime cost will increase by Tk. 16,000
ii. cost of production will increase by Tk. 20,000
iii. conversion cost will reduce by Tk. 4,000
Which one is correct?
i. prime cost will increase by Tk. 16,000
ii. cost of production will increase by Tk. 20,000
iii. conversion cost will reduce by Tk. 4,000
Which one is correct?
✓ Answer: (b) i and iii
7. Which one is semi-variable cost?
✓ Answer: (d) Electricity expense
8. Lifetime membership fees is Tk. 60,000. If 3/5 th is capital receipts, then, how much is the revenue receipt?
✓ Answer: (c) Tk. 24,000
9. What types of organization are the example of professional firm such as lawyers, doctors, architect etc?
✓ Answer: (d) Profit oriented non-business entity
10. Which one is the company's certificate of incorporation?
✓ Answer: (b) Certificate of Registration
11. For which organization is prepared the income and expenditure account?
✓ Answer: (b) Non-Trading Concern
12. What impact does excess of income over expenditure have the financial statements of a non-profit organization?
✓ Answer: (c) Increases capital fund
Read the stem and answer the question no. 13 and 14:
A, B and C are three partners in a partnership business. Their profit sharing ratio is 4 : 3 : 1. Each partner withdraws Tk. 1,000 at the beginning of each month. The rate of interest on withdrawal is 5%. The distributable profit of the business stands at the end of the accounting period is Tk. 1,60,000.
A, B and C are three partners in a partnership business. Their profit sharing ratio is 4 : 3 : 1. Each partner withdraws Tk. 1,000 at the beginning of each month. The rate of interest on withdrawal is 5%. The distributable profit of the business stands at the end of the accounting period is Tk. 1,60,000.
13. What is the total amount of interest withdrawn by the partners?
✓ Answer: (d) Tk. 975
14. If B guarantees a minimum profit of Tk. 30,000 to C, then what will be the profit of B?
✓ Answer: (b) Tk. 50,000
15. Dividend paid is included in which activity in cash flow statement?
✓ Answer: (c) Financing activities
16. Employer's contribution to provident fund—
i. income for the employees
ii. expenses for the employees
iii. expenses for the employer
Which one is correct?
i. income for the employees
ii. expenses for the employees
iii. expenses for the employer
Which one is correct?
✓ Answer: (b) i and iii
17. Which of the following statement discloses financial result?
✓ Answer: (a) Income statement
18. Fixed expense Tk. 4,000 and contribution margin ratio is 50%. What is the break-even sales amount?
✓ Answer: (a) Tk. 8,000
19. Which of the following ratios is a measure of earning capacity?
✓ Answer: (c) Operating profit ratio
20. Which one is the appropriate method of issuing raw materials during deflation?
✓ Answer: (a) FIFO
21. Sunk cost is—
i. relevant cost
ii. irrelevant cost
iii. past cost
Which one is correct?
i. relevant cost
ii. irrelevant cost
iii. past cost
Which one is correct?
✓ Answer: (c) ii and iii
22. What is the minimum number of members in a partnership business?
✓ Answer: (a) Two
23. For which types of organizations in Bangladesh is it mandatory to prepare a cash flow statement?
✓ Answer: (c) Joint stock company
24. What are the indirect costs in the statement of cost of production?
✓ Answer: (a) Factory rent, Fuel, Indirect labor
25. According to IAS-1, how many components are there in the financial statements?
✓ Answer: (b) 5
Read the following stem and answer the question no. 26 and 27:
Sun PLC registered with 70,000 shares of Tk. 10 each. The company issued 80% of registered shares at 5% discount.
Sun PLC registered with 70,000 shares of Tk. 10 each. The company issued 80% of registered shares at 5% discount.
26. What is the number of shares issued by the company?
✓ Answer: (b) 56,000
27. How much is company's fictitious assets?
✓ Answer: (c) Tk. 28,000
28. Effective tools for inventory control are—
i. store ledger
ii. perpetual inventory list
iii. bin card
Which one is correct?
i. store ledger
ii. perpetual inventory list
iii. bin card
Which one is correct?
✓ Answer: (d) i, ii and iii
29. What is provided to employees to cope with price hike?
✓ Answer: (b) Dearness allowance
30. Long term debt Tk. 20,000, current assets Tk. 25,000 and current ratio 5 : 2. What is total debt?
✓ Answer: (d) Tk. 30,000
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