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MCQs: The payment of salary, wages, overheads, cash purchase and payment to creditors are form of
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MCQs: The payment of income tax, dividend, interest, and donation are examples of
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MCQs: In order to prepare a flexible budget, items of anticipated expenditures are classified into _______ classes.
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MCQs: Variable cost is also known as
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MCQs: The sub-variance of material usage variance, known as Material mix variance is measured as
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MCQs: While calculating material mix variance, if revised standard quantity is greater than actual quantity, the variance is
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MCQs: If the total actual input of units and total standard input of units is equal, there is no need to calculate revised standard quantity.
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MCQs: Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
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MCQs: The area of focus on responsibility center is
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MCQs: _____________ may deal with actual figures against budgeted ones.
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MCQs: Management accounting assists the management
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MCQs: The 3 Ps, i.e. the three objectives of analysis and interpretation of financial statements are : Progress, Position and Prospects.
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MCQs: Which of the following statements are false?
A) When all the figures in a balance sheet are stated as percentage of the total, it is termed as horizontal analysis.
B) When financial statements of several years are analyzed, it is termed as vertical analysis.
C) Vertical Analysis is also termed as dynamic analysis.
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MCQs: Efficient frontier comprises of
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MCQs: Efficient portfolios can be defined as those portfolios which for a given level of risk provides
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MCQs: What will be the Gross Profit if, total sales is Rs 2,60,000, cost of net goods sold is Rs 2,00,000 and sales return is Rs 10,000?
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MCQs: If selling price is fixed 25% above the cost, the Gross Profit ratio is
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MCQs: Gross Profit ratio should be adequate to cover
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MCQs: Funds Flow Statement holds significance for
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MCQs: Which statement is prepared in the process of funds flow analysis?
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