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LIST OF ATTEMPTED QUESTIONS AND ANSWERS mangagement q& a

Select The Blank Question Normally, the planning for dividend payments and interest payments is based on the ________ budget. Correct Answer Cash

Select The Blank Question The process of recording the business transactions in a defined set of records is referred to as ________. Correct Answer Balance sheet

Multiple Choice Multiple Answer Question Marginal costing is useful in the following areas : Correct Answer Plant shut down decisions , Make or buy decisions , Profit planning

Multiple Choice Single Answer Question Which of the following is most likely to be an allocated production overhead cost to the finishing cost centre? Correct Answer True/False Question Correct Answer Salary of the finishing centre's manager

Depreciation can be defined as a permanent, continuous and gradual reduction in the book value of a fixed asset. True

Multiple Choice Single Answer Question The standard production for a particular work order is 20 units per day and piece rate wages is 60 paise per unit. Cost of material is 30 paise per unit. It is proposed to charge factory overheads equal to 100% of labour cost. Indicate the factory overhead per unit. Correct Answer Rs.1.50/Multiple Choice Single Answer Question Quantify the increase in profit on account of following errors : (a) Repairs of furniture amounting to Rs.2,000/were debited to furniture account. Furniture is depreciated @10% p.a. (b) Interest received on bank deposits was credited to dividend received account, Rs.1,550/- (c) A television purchased for the managing director's office for Rs.45,000/- was debited to Interior decoration expenses. Correct Answer Rs.43,200/Select The Blank Question Marginal costing is also known as ________. Correct Answer Variable costing

Multiple Choice Single Answer Question Sold goods to Amitabh worth Rs. 15,000/- against 15% trade discount. In this case with what amount should the sales account be credited? Correct Answer Rs. 12,750 Multiple Choice Single Answer Question Urgent action for replenishment of material stock must be taken once the inventory reaches its : Correct Answer True/False Question Danger level

Balance sheet indicates the financial status of the business at given period.

Correct Answer True Match The Following Question Closed the account with State Bank of India Debit side of bank book is overcast

Correct Answer

Your Answer Overdraft as per bank book = Overdraft as per pass book Overdraft as per bank book = Balanceas per pass book Overdraft as per bank book > Overdraft as per pass book Henceforth, there shall be no difference in overdraft balances

Henceforth, there shall be no difference in overdraft balances Overdraft as per bank book < Overdraft as per pass book Interest on debentures directly credited by Overdraft as per bank book > Overdraft as bank per pass book Received sanction for a loan of Rs.10 Overdraft as per bank book = Overdraft as lakhs per pass book