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

a) actual
b) false
Ans. B
54. If the owner brings in personal calculator for office use, _______________ account
should be credited.
Capital;Cash;Donation;Drawings
Ans. Capital
55. If the profit quantity ratio is 25%, then the variable cost is equal to ___________ of
sales value.
0.25;1;0.75;0.5
Ans.
56. The process of accounting split into 3 steams i.e. financial, cost, management
accounting.
a) actual
b) false Ans. A
MANAGEMENT ACCOUNTING ASSIGNMENT ques.
1. Narration must be mentioned in the ledger.
a) actual
b) false
Ans. B
2. According to the standard costing principles, only adverse variance must be further
investigated.
a) actual
b) false
Ans. B
3. Trading account is used to analyze how successfully and how efficiently the firm runs,
particularly with regards to the maintenance of the gross profit margin.
a) actual
b) false
Ans. A
4. select all that apply.
Special aspects of co-partnership include:-
a)____ Workers are granted ownership rights
b)____ Indirect monetary remuneration
c)____ The morale of the workers is increased
d)____ The workers are rewarded for individual efficiency
Ans. A,b,c
5. select all that apply.
The key factor determines the :-
a)____ Level of activity
b)____ Capacity utilization
c)____ Level of sales
d)____ Capacity installation
Ans. A,b,c
6. The purchase account should be debited when an order is placed with the supplier of
material
a) actual
b) false
Ans. B
7. Cost quantity profit analysis focuses attention on the ______________effect of a
particular course of action.
Short and long run; Medium run; Short run; Long run
Ans. Short run
8. select the accurate ans.
Quantify the increase in profit on account of subsequent 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.
a) Rs.41,650/-
b) Rs.45,000/-
c) Rs.43,200/-
d) Rs.44,750/-
Ans. C
9. select the accurate ans.

Earning:   Approval pending.