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MCQs: When the actual cost is less than the standard cost, the difference is termed as
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MCQs: The controllable variances are related with the
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MCQs: The events like government policies, price rise etc have an impact on controllable variances.
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MCQs: Management audit is useful for
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MCQs: Responsibility Accounting is also known as
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MCQs: Internal reporting provides financial statement and annual accounts.
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MCQs: The use of management accounting is
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MCQs: Which of the following statements are true?
A) Vertical Analysis is also termed as dynamic analysis.
B) Horizontal analysis is also termed as dynamic analysis.
C) Static Analysis is not extremely useful for the long-term financial planning.
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MCQs: Which of the following statements are true?
A) Funds Flow statement is one of the ways to analyse & interpret financial statements.
B) Cash Flow Statement is one of the ways to analyse & interprets financial statements.
C) Common-size statement is one of the ways to analyse & interpret financial statements.
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MCQs: Mr. X takes a loan of Rs 50,000 from HDFC Bank. The rate of interest is 10% per annum. The first installment will be paid at the end of year 5. Determine the amount of equal annual installments if Mr. X wishes to repay the amount in five installments.
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MCQs: If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per annum, determine the frequency of compounding:
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MCQs: Profit for the objective of calculating a ratio may be taken as
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MCQs: Which of the following are limitations of ratio analysis?
A) Ratio analysis may result in false results if variations in price levels are not considered.
B) Ratio analysis ignores qualitative factors.
C) Ratio Analysis ignores quantitative factors.
D) Ratio Analysis is historical analysis.
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MCQs: Which of the following falls under Profitability ratios?
A) General Profitability ratios
B) Overall Profitability ratios
C) Comprehensive Profitability ratios
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MCQs: Which of the following transactions will result in inflow of funds?
A) Issue of debentures
B) Conversion of debentures into equity shares
C) Redemption of long term loan
D) Creation of General Reserve
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MCQs: During the year, a business was bought by issue of Rs 25,000 debentures and Rs 25,000 shares. The business bought had machine worth Rs 20,000, Debtors Rs 15,000, Stock Rs 5,000 and Creditors Rs 5,000. Determine the effect of this transaction on flow of funds.
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MCQs: Which of the following statements are true?
A) Cash flow reveals only the inflow of cash.
B) Cash flow reveals only the outflow of cash.
C) Cash flow is a substitute for income statement.
D) Cash flow statement is not a replacement of funds flow statement.
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MCQs: Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______.
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MCQs: Statement of changes in working capital is prepared separately in
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MCQs: Absorption costing is used for
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