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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Multiple Choice Multiple Answer Question Uncontrollable variances are Correct Answer Strike , Change in customers demand , Devaluation of currency Your Answer Change in customers demand , Wrong management policy , Devaluation of currency

True/False Question

Indirect labour cost indicates that labour cost which cannot be identified with the individual cost centre. Correct Answer True Your Answer True

True/False Question

There is no need to open a suspense account if the trial balance does not agree. Correct Answer False Your Answer False

Select The Blank Question Interest on overdraft charged by the bank is ________ to the pass book and ________ to the cash book Correct Answer debited Your Answer credited

Correct Answer credited Your Answer debited

Select The Blank Question Bank reconciliation statement is the statement prepared to explain the ________ as to why the bank balance as per ________ and bank balance as per bank book does not match Correct Answer reasons Your Answer reasons

Correct Answer pass book Your Answer pass book

Multiple Choice Single Answer Question Old furniture sold for Rs. 5400 has been entered as Rs 4500 in the cash book, for rectifying the same Suspense A/C credited to Rs

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Correct Answer 900 Your Answer 900

Multiple Choice Multiple Answer Question Material Price Variance may occur due to Correct Answer Change in price of material , Failure to take discounts , Weak purchase organization Your Answer Careless use of material , Change in price of material Select The Blank Question In financial statements P& L Accounts relates to a specific duration whereas ________ is for a given point of time Correct Answer P& L Accounts Your Answer Balance sheet

Correct Answer Balance sheet Your Answer Multiple Choice Single Answer Question Goods return by Pande worth Rs. 2000 should have appeared on the credit side of Pandes account for rectifying the same. Following account to be credited Correct Answer Suspense A/C Your Answer True/False Question Suspense A/C

Accounting is an art of recording, classifying & summarizing in a significant manner. Correct Answer True Your Answer True

Select The Blank Question Bin Card is not an ________ record but only a ________ record. Correct Answer Accounting Your Answer Qualitative

Correct Answer Quantitative

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Your Answer Quantitative

Multiple Choice Single Answer Question Salary given in trial balance Rs. 5000/-, still 2000/- is to be paid . The outstanding salary is debited to Profit &Loss A/C. The second effect is -Correct Answer Transfer to balance sheet liability side Your Answer Transfer to balance sheet liability side

Select The Blank Question While selecting source of supply ________ epartment may call for the ________ from the prospective suppliers Correct Answer purchase Your Answer purchase

Correct Answer quotation Your Answer True/False Question quotation

Profitability statement indicates the amount of assets & liabilities.

Correct Answer False Your Answer True

Multiple Choice Single Answer Question Calculate Sales Price Variance, If actual price is Rs.5.40/- per unit, Standard price is Rs.5/- per unit and actual sales volume is 500 units. Correct Answer Rs.200/- ( Favorable ) Your Answer True/False Question Rs.250/- ( Favorable )

Debit the receiver & credit the giver is a rule of Real a/c.

Correct Answer False Your Answer True

Multiple Choice Single Answer Question If at 50% capacity, total factory overheads are Rs.10,000/- (out of which 60% are fixed and 40 % are variable) then what will the amount of total factory overheads at 60% capacity

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Correct Answer Rs.10,800/Your Answer True/False Question Rs.12,000/-

1) Financial statements are basically in two forms i.e. profitability statement and balance sheet. Correct Answer True Your Answer True

Select The Blank Question Administration overheads are ________ in nature and can be controlled mainly at ________ level of the management Correct Answer fixed Your Answer variable

Correct Answer top Your Answer top

Match The Following Question Advance Application Outstanding Prepaid Drawing

Correct Answer Not related in current year Increase in Assets Amount still payable in current year Amount paid for next year Amount of personal use

Your Answer Not related in current year Increase in Assets Amount still payable in current year Amount paid for next year Amount of personal use

Multiple Choice Multiple Answer Question These are the features of fixed overheads Correct Answer total cost remains the same , per unit cost may vary , not dependent on volume of output Your Answer total cost remains the same , per unit cost may vary , not dependent on volume of output , per unit cost remains the same. Multiple Choice Single Answer Question __________ Accounting is primarily protects the interest of the outsiders dealing with the organization various capacities like investors, suppliers, customers etc.

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Correct Answer Financial Your Answer True/False Question Cost

Head of the Department should sign the purchase requisition.

Correct Answer True Your Answer True

Multiple Choice Multiple Answer Question FIFO method Correct Answer The price of the earliest available lot is considered first , If the lot is exhausted, the price of the next available lot is considered , It is used for issue of material Your Answer The price of the earliest available lot is considered first , If the lot is exhausted, the price of the next available lot is considered , Physical lots of the material are kept separate , It is used for issue of material True/False Question

Financial Accounting discloses the financial performance & financial statements of the business as a whole. Correct Answer True Your Answer True

Select The Blank Question Bin card is maintained by ________ department whereas ________ is maintained by costing department. Correct Answer Stores Your Answer Stores

Correct Answer Store ledger Your Answer True/False Question Store ledger

The situation of over absorption arises if the overheads absorbed are less than the actual overheads. Correct Answer False Your Answer True

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Multiple Choice Multiple Answer Question Accounts is a Correct Answer Record of all transaction Your Answer Record of all transaction , Record of purchasing goods & services , Record of selling goods & services

Multiple Choice Single Answer Question If production overheads to be absorbed are Rs. 20000/- and machine hours worked are 5000 then the machine hour rate will be, Correct Answer Re. 4 per machine hour. Your Answer True/False Question Rs. 5 per machine hour.

Due to errors of principle the arithmetical accuracy of the trial balance get affected. Correct Answer False Your Answer True

Multiple Choice Multiple Answer Question P/L A/C debit side includes Correct Answer salary , discount allowed , postage & telegram Your Answer discount allowed , interest received

Multiple Choice Multiple Answer Question These are the methods of measuring labour turnover. Correct Answer Replacement Method , Separation Method , Flux Method Your Answer Replacement Method , Job card Method , Flux Method

Multiple Choice Multiple Answer Question Trading a/c credit side includes Correct Answer sales , goods lost by fire , closing stock Your Answer sales , closing stock

Multiple Choice Multiple Answer Question From the following data, workout the EOQ annual demand. 5000 units, ordering cost Rs. 60 per unit, price per unit Rs. 100, inventory carrying

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
cost15% on average inventory Correct Answer 300 Your Answer 200

Select The Blank Question Financial Accounting protects the interest of outsiders . it considers ________ transaction and it is a ________ requirement Correct Answer historical Your Answer Current

Correct Answer legal Your Answer legal

Multiple Choice Single Answer Question Under the Emersons Efficiency Bonus System at following efficiency level no bonus is payable. Correct Answer Below 66.66% Your Answer Below 66.66%

Select The Blank Question Planning lays down the course of action to be taken in future. In case budgetary control, it is in the form of the ________ and in case of ________ costing, it is in the form of the standard cost Correct Answer budgets Your Answer contracts

Correct Answer standard Your Answer budgets

Match The Following Question Discount received Outstanding expenses Depreciation Interest on capital

Correct Answer Suppliers Liabilities Assets Borrowed capital

Your Answer Suppliers Liabilities Assets Borrowed capital

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Discount allowed True/False Question Debtors Debtors

canteen facility to workers, health and safety services are examples of monetary incentives. Correct Answer False Your Answer True

Multiple Choice Single Answer Question This is the best example of element wise classification of cost. Correct Answer material Your Answer selling overheads

Multiple Choice Single Answer Question This is the process of recording attendance time of the workers. Correct Answer Time keeping Your Answer Time rate System

Multiple Choice Multiple Answer Question Wage rate standards takes into consideration the following factors Correct Answer The system of wage payments , System for bonus payment , Grades of workers required Your Answer The system of wage payments , System for bonus payment , Grades of workers required Select The Blank Question Standard Costing system facilitates ________ and ________ for each individual or department Correct Answer Delegation of authority Your Answer Fixation of responsibility

Correct Answer Fixation of responsibility Your Answer True/False Question Delegation of authority

If actual cost is more than the standard cost then it is called favorable variance.

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SCDL- PGDBA- I Semester Management Accounting- Paper Code-103 _____________________________________________________________________
Correct Answer False Your Answer True/False Question True

Accounting refers to the process of analyzing & interpreting the information already recorded in the books of accounts. Correct Answer True Your Answer True

True/False Question

The aggregate of indirect material cost, indirect labour cost and indirect expenses is termed as factory cost. Correct Answer False Your Answer True

Select The Blank Question Fixed cost is the cost that tend to remain ________ irrespective of ________ Correct Answer constant

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