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

organization.
Gross; Net; Marginal; Incremental
Ans. Gross
10. Measurement of _______________ provide an idea of the degree of mobility of labour.
Labour cost; Labour turnover; Idle time; Standard time
Ans. Labour turnover
11. select all that apply
choose the accounts to be disclosed on the assets side of the Balance sheet :-
a)____ Furniture
b)____ Loan to Bank of U.S.A.
c)____ Loan from Bank of America
d)____ Land & building
Ans. A,b,d
12. select all that apply
The management of Horngreen Ltd. is deciding whether to continue on working at loss
or to temporarily shut down the factory. State the qualitative aspects that must be
considered before arriving at a decision :-
a)____ Loss of trained personnel
b)____ Loss of regular customers
c)____ Expenditure needed to restart the factory
d)____ Expenditure relating to expanding the business
Ans. A,b,c
13. A ______________________ can be described as a part of the organization for which
separate budget can be prepared and implemented.
Responsibility centre; Budget centre; Cost centre; Profit centre
Ans. Budget centre
14. select the accurate ans.
Journal is popularly known as 'Book of :-
a) Original Entry
b) Secondary Entry
c) Rectification Entry
d) Adjustment Entry
Ans. A
15. In order to rectify the totaling mistake, wherein the sales return ledger was undercast
by Rs.2,000/-, the suspense account should be ___________ with Rs.2,000/-
Appended; Adjusted; Debited; Credited
Ans. Credited
16. Match the subsequent
1. Bank Book (1) 1. Maintained by the trader/ businessman
2. Pass Book (4) 2. Issued by the Bank
3. Bank reconciliation (6) 3. Issued by the organization
statement
4. Advise stating dividend (2) 4. Maintained by the Bank
collected on your behalf
5. Maintained by the Government
6. Prepared by the organization
17. Match the subsequent
1. Contribution - Fixed cost (6) 1. Contribution
2. Total cost + Profit (4) 2. Variable cost
3. Fixed cost + Variable cost (5) 3. Semi-variable cost
4. Total cost - Fixed cost (2) 4. Sales
5. Total cost
6. Profit

Earning:   Approval pending.