Symbiosis International Education Centre 2006 Post Graduate Diploma Business Administration Management Accounting - Question Paper

a) actual
b) false
Ans. A
17. select the accurate ans.
An analysis of the time card of a worker on a machine indicates that of the total 48
hours, he worked 45 hours (including four hours overtime) on production and that three
hours was idle due to machine break-down. The rate of the worker is rupees ten per
hour : but overtime is paid at 50 per cent extra. You are needed to compute the
earnings of the worker.
a) Rs.470/-
b) Rs.500/-
c) Rs.510/-
d) Rs.450/-
Ans. B
18. select the accurate ans.
The profit quantity ratio of BB & Co,. dealing in precision instruments, is 50% and the
margin of safety is 40%. You are needed to work out the break-even point and the
net profit if the sale quantity is Rs.50,00,000/-
a) Break even point-Rs.300,000/-, net profit-Rs.100,000/-
b) Break even point-Rs.30,00,000/-, net profit-Rs.10,00,000/-
c) Break even point-Rs.20,00,000/-, net profit-Rs.5,00,000/-
d) Break even point-Rs.200,000/-, net profit-Rs.50,000/-
Ans. B
19. select all that apply
The objectives of cost accounting are :-
a)____ Cost control
b)____ Cost reduction
c)____ Ascertainment of cost of every product
d)____ Assist in managerial decision-making
Ans. A,c,d
20. The greater the quantity of production, the greater is the unit cost of production.
a) actual
b) false
Ans. B
21. select the accurate ans.
An order for goods worth Rs.18,000/- was placed on 25th March, 2004. The goods
were received on first April, 2004. compute the impact of this transaction on the final
statements of accounts for the year ended 31st March, 2004.
a) The net profit will not be affected
b) The purchases will be increase by Rs.18,000/-
c) The purchases will be reduce by Rs.18,000/-
d) The creditors will increase by Rs.18,000/-
Ans. A
22. Match the subsequent
1. Trade Discount (1) 1. Not accounted for in the books of Accounts
2. Cash Discount (5) 2. Every asset has corresponding liability
3. Rs.1 Personal A/C (3) 3. Debit the receiver, Credit the giver
4. Real A/C (4) 4. Debit what comes in, Credit what goes out
5. Accounted for in the books of Accounts
6. Every profit has corresponding loss

Earning:   Approval pending.