Symbiosis International Education Centre 2007-1st Sem M.B.A Human Resource Management Management Accountanat Assignment (PGDHRM) - Question Paper

Drawing Withdrawn for personal use Withdrawn for personal use

choose The Blank
ques. A budget manual is a document setting out the ________ of the persons and ________ needed for the budget control.
accurate ans Responsibilities
Your ans Responsibilities
accurate ans Forms and procedures
Your ans Forms and procedures

True/False
ques. Credit balances in all the Personal & Real accounts appear on asset side.
accurate ans False
Your ans actual

True/False
ques. The process of accounting split into 3 steams i.e. financial, cost, management accounting.
accurate ans actual
Your ans actual

Multiple option Single ans
ques. Omission of posting an amount in the ledger
accurate ans fault of Omission
Your ans fault of Omission

True/False
ques. Non-operating / financial expenses are added while calculating net profit.
accurate ans False
Your ans actual

True/False
ques. Balance sheet shows the financial status of the business at provided period.
accurate ans actual
Your ans actual

Multiple option Multiple ans
ques. A Budget Manual may contain the subsequent particulars
accurate ans Duties and responsibilities of different executives , Functions and duties of Budget Officer , Scope of the Budget and area to be covered
Your ans Duties and responsibilities of different executives , Functions and duties of Budget Officer , Scope of the Budget and area to be covered

choose The Blank
ques. Semi ________ overheads are neither ________ nor variable in nature.
accurate ans fixed
Your ans variable
accurate ans variable
Your ans fixed

True/False
ques. Due to errors of principle the arithmetical accuracy of the trial balance does not get affected.
accurate ans actual
Your ans actual

Multiple option Multiple ans
ques. Direct Cost includes
accurate ans Direct material , Direct labour , Direct expenses
Your ans Direct material , Direct labour , Direct expenses

choose The Blank
ques. Financial Accounting protects the interest of outsiders . it considers ________ transaction and it is a ________ requirement
accurate ans historical
Your ans historical
accurate ans legal
Your ans legal

True/False
ques. Bin Card is having all the info of item received and issued.
accurate ans False
Your ans actual

choose The Blank
ques. Budgetary Control is useful for ________-and ________-as a powerful tool in the hands of management
accurate ans Cost control
Your ans Cost control
accurate ans Maximization of profits
Your ans Maximization of profits

True/False
ques. Accounting refers to the process of analyzing & interpreting the info already recorded in the books of accounts.
accurate ans actual
Your ans actual

Multiple option Multiple ans
ques. The material Requisition note contains
accurate ans Number and date , Department demanding the material , Signature of the authority approving the demand
Your ans Number and date , Department demanding the material , Signature of the authority approving the demand

Multiple option Multiple ans
ques. subsequent fault affect the trial balance
accurate ans Wrong totalling of subsidiary books , Posting on the wrong side of an account , Omission of posting an account in the ledger
Your ans Wrong totalling of subsidiary books , Posting on the wrong side of an account , Omission of posting an account in the ledger

choose The Blank
ques. Fixed overheads normally arise as a outcome of policy and are largely ________ in nature at the ________ level of the management
accurate ans uncontrollable
Your ans controllable
accurate ans lower
Your ans top

True/False
ques. Budget is prepared for a fixed period of time.
accurate ans actual
Your ans actual

Multiple option Single ans
ques. Sold Goods of Amitabh worth Rs. 15,000 against 15% Trade discount. The Goods worth appear on account ___________
accurate ans 12750
Your ans 12750

Multiple option Single ans
ques. This is not the non monetary incentive.
accurate ans Co-partnership
Your ans Co-partnership

Multiple option Multiple ans
ques. P/L A/C debit side includes
accurate ans salary , discount allowed , postage & telegram
Your ans salary , discount allowed , postage & telegram

choose The Blank
ques. Along with financial accounting, ________ and ________ are the other streams of accounting
accurate ans Cost Accounting
Your ans Cost Accounting
accurate ans Management Accounting
Your ans Management Accounting

True/False
ques. A very wide scope of Management Accounting is the limitation by itself.
accurate ans actual
Your ans actual

Earning:   Approval pending.