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

Time-keeping;Recording idle time;Time-booking;Recording units produced
Ans. Time-keeping
36. select the accurate ans.
Where, in the final statements of accounts, should we disclose the closing balance of
income received in advance?
a) Trading account
b) Profit and Loss account
c) Balance sheet - on the asset side
d) Balance sheet - on the liability side
Ans. D
37. Match the subsequent
1. Freight inwards (4) 1. Balance sheet
2. Sales (6) 2. Profit and loss account
3. Freight outwards (2) 3. Capital account
4. Dividend paid (5) 4. Manufacturing account
5. Profit and loss appropriation account
6. Trading account
38. select all that apply
choose the different methods adopted for treatment of under or over absorbed
overheads:-
a)____ Use of supplementary rates
b)____ Carrying over the amount to remaining period
c)____ Writing off to the Costing Profit and Loss Account
d)____ Writing off to the Financial Profit and Loss Account
Ans. A,b,c
39. A firm earns profit when contribution is equal to fixed costs under variable costing.
a) actual
b) false
Ans. B
40. The expenses relating to maintenance and creation of demand for the product should
be included in the _________________________ budget.
Financial;Production;Selling expenses;Administrative expenses
Ans. Selling expenses
41. Balance sheet shows the financial status of the business at provided period.
a) actual
b) false
Ans. A
42. select all that apply
The balance as per bank book as on 30th June, 2004 is Rs.10,298/- while the balance
as per pass book as on the identical date is Rs.10,123.60. choose the transactions
representing the reasons for this difference :-
a)____ Interest credited by bank, not entered in the bank book, Rs.125.60
b)____ Cheques dishonoured not entered in the bank book Rs.200/-
c)____ Debit side of the cash book is overcast by Rs.100/-
d)____ Debit side of the cash book is undercast by Rs.100.60
Ans. A,b,c
43. select all that apply
The advantages of Halsey plan are :-
a)____ Bonus goes on increasing with increase in time saved.
b)____ Bonus goes on decreasing with increase in time saved
c)____ Provides more incentive to speed up production

Earning:   Approval pending.