MCQs: In forecast, there is a promise or commitment to achieve estimates.
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MCQs: Which of the following are not the objectives of Budgeting?
A) To express the objectives of the firms in qualitative terms.
B) To prepare base for evaluation of work performance.
C) To co-ordinate organizational and managerial units of the firm.
D) To develop a strong appraisal of objectives and policies of firm.
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MCQs: The process of budgeting does not establish a system of decentralization of authority.
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MCQs: Cash budget is more helpful in those business concerns where there are
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MCQs: While preparing a cash budget the focus should be on
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MCQs: Flexible budget is that budget which presents __________ at various levels of business activity.
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MCQs: Flexible budget is also known as
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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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