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MCQs: In a control report of Department X, it is mentioned as indirect materials are Rs 1,000, Indirect labour Rs 900, Overtime Charges Rs 100, Depreciation on equipment Rs 500, Allocated factory overhead (38% of factory space) Rs 4300, Allocated overhead of repair shop is Rs 1200. Determine total costs treating department X as a responsibility center.
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MCQs: In a company Department A recorded losses in the first half of the current year. The sale of department is Rs 90,000 and uncontrollable costs are Rs 91,000, Advice the management whether its operations should be continued or terminated.
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MCQs: _________ is a monthly profit and loss account, wherein the actual results of the concerned month are compared with the budgeted figures of that month.
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MCQs: __________ conveys detailed summary pertaining to various activities of the organization.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Agency cost consists of
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MCQs: Finance Function comprises
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MCQs: The objective of wealth maximization takes into account
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MCQs: Financial management mainly focuses on
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MCQs: Liquid assets is determined by
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MCQs: Which of the following is not included in current assets?
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MCQs: Higher the ratio, the more favorable it is, doesn’t stand true for
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MCQs: The most precise test of liquidity is
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.
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MCQs: Collection of debtors
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MCQs: Provision of taxation is treated as
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MCQs: As per accounting standard AS3, provision for taxation should be treated as
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MCQs: Which of the following statement is true?
A) If the amount of good will increases during current year, the difference is treated as purchase of goodwill.
B) If the amount of good will decreases during current year, It will treated as written off.
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MCQs: The opening and closing balance of general reserves are Rs 10,000 and Rs 9,000, respectively. It is stated in addition information that a loss of Rs 1000 has been written off in general reserves. In such a case, decline in reserve and loss on investment will be adjusted in P&L account.
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MCQs: Which of the following statements are false?
A) Old Furniture written off doesn’t affect cash flow.
B) Cash flow statement is a substitute for cash account.
C) Appropriation of retained earnings is not shown in Cash flow statement.
D) Net cash flow during a period can never be negative.
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