Symbiosis International Education Centre 2009 Post Graduate Diploma Information Technology Management Accounting - Question Paper

obtain the value of the material returned to X.
accurate ans Rs.300/-
Your ans Rs.300/-
Multiple option Single ans
ques. Which system can assist in fixing a common selling price for the industry as a whole on the basis of cost of
production of all units belonging to that industry ?
accurate ans Uniform costing
Your ans Uniform costing
choose The Blank
ques. Marginal costing is also known as ________.
accurate ans Variable costing
Your ans Variable costing
Multiple option Multiple ans
ques. The disadvantages of time rate system are :
accurate ans Ignores the efficiency of workers , Higher labour cost , Lack of motivation to increase productivity
Your ans Ignores the efficiency of workers , Higher labour cost , Lack of motivation to increase productivity
Match The subsequent
ques. accurate ans Your ans
Open Tender Any supplier from the local market can fill the tender Any supplier from the local market can fill the
tender
Global Tender Any supplier from the global market can fill the tender Any supplier from the global market can fill the
tender
Single Tender Tender from only 1 supplier Tender from only 1 supplier
Limited Tender Tenders from reliable but few suppliers Tenders from reliable but few suppliers
Multiple option Single ans
ques. The store-keeper should initiate action for the purchase of a material, when it reaches its :
accurate ans Re-order level
Your ans Re-order level
choose The Blank
ques. An adjustment relating to outstanding expenses will ________ the net profit.
accurate ans reduce
Your ans reduce
True/False
ques. The process of accounting split into 3 steams i.e. financial, cost, management accounting.
accurate ans actual
Your ans actual
True/False
ques. 1) Financial statements are basically in 2 forms i.e. profitability statement and balance sheet.
accurate ans actual
Your ans actual
Multiple option Multiple ans
ques. Items credited to Trading Account are …
accurate ans Sales , Goods lost by fire , Closing stock
Your ans Sales , Goods lost by fire , Closing stock
True/False
ques. All personal expenses of the owner should be debited to the organisation's profit and loss account.
accurate ans False
Your ans actual
True/False
ques. A firm earns profit when contribution is equal to fixed costs under variable costing.
accurate ans False
Your ans False
choose The Blank
ques. ________ Accounting is the process of analysis and interpretation of financial data collected with help of

Earning:   Approval pending.