other good product
trading a/c
profit and loss a/c
costing profit and loss a/c
Answer is Right!
Answer is Wrong!
Detailed SolutionValue of normal loss is charged to ________.
Costing
12. Elements of cost are
Material
Labour
Expenses
All of the above
Answer is Right!
Answer is Wrong!
13. An additional cost, incurred for some specific activity to bring processed product on to next production stage is
partial cost
relevant cost
incremental cost
irrelevant cost
Answer is Right!
Answer is Wrong!
14. Assertion (A) Cash flow statement as per the financial statements as well is incapable in revealing the overall financial position of a firm. Reason (R) Cash is an important constituent of the working capital based on the recorded facts only.
Both (A) and (R) are true and (R) is the correct explanation of (A)
(A) is true, but (R) is not true
(A) is not true, but (R) is true
Both (A) and (R) are false
Answer is Right!
Answer is Wrong!
15. Sum of beginning work in process inventory units and started units, is subtracted from sum of ending work in process inventory units and transferred out units of goods to calculate
Gross weighted spoilage
inventoriable spoilage
partial spoilage
total spoilage
Answer is Right!
Answer is Wrong!
16. An arrangement of line of authority within company is classified as
company structure
organization structure
line of authority
line of responsibility
Answer is Right!
Answer is Wrong!
Detailed SolutionAn arrangement of line of authority within company is classified as
17. Second step in developing operating budget is to
plan coordination
plan accounts
obtain information
coverage information
Answer is Right!
Answer is Wrong!
Detailed SolutionSecond step in developing operating budget is to
18. Cash Budget is a . . . . . . . . budget.
long-term
very long-term
short-term
very short-term
Answer is Right!
Answer is Wrong!
19. Permanent working capital is generally financed through
Long-term capital funds
Government assistance
Internal financing
Short-term loans from banks
Answer is Right!
Answer is Wrong!
Detailed SolutionPermanent working capital is generally financed through
20. Match the items in List-I with the items in List-II and indicate the correct answer. List-I List-II a. Debt-equity ratio 1. Net profit before interest and tax/Interest on long-term loans b. Proprietary ratio 2. Equity share capital + Reserves/Preference share capital + Interest bearing finance c. Interest coverage ratio 3. Long-term debts/Shareholder’s Funds d. Capital gearing ratio 4. Shareholder’s Funds/Total Assets
a-1, b-2, c-3, d-4
a-3, b-4, c-1, d-2
a-3, b-4, c-2, d-1
a-2, b-3, c-4, d-1
Answer is Right!
Answer is Wrong!