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

a)____ Anticipates all future losses and expenses
b)____ Ignores all future incomes and profits, unless they are truly realized
c)____ Applicable to evaluation of current assets
d)____ Applicable to evaluation of non-current asset
Ans. A,b,c
27. Under Differential Time Rate method payment is made at Rs. 1.40 per hour when the
level of efficiency is ranging from __________________.
90% to 100%; 80% to 100%; 70% to 90%; 50% to 75%
Ans. 90% to 100%
28. select all that apply
Which of the subsequent aspects are mainly responsible for difficulty in application of
Uniform costing system?
a)____ Capital investment
b)____ Plant size
c)____ Location
d)____ Loans taken
Ans. A,b,c
29. select all that apply
Merits of break even point analysis are as follows:-
a)____ Useful diagnostic tool.
b)____ Used for analyzing the risk implication of option actions.
c)____ Used to graphically represent complicated data.
d)____ Useful in the long run.
Ans. A,b,c
30. The ___________ ledger carries the individual accounts, whereas the general ledger
records the consolidated effect of the individual transactions.
Control; Journal; Main; Original
Ans. Control
31. Overhead absorption rate will be various at various capacity levels.
a) actual
b) false
Ans. A
?32. select the accurate ans.
At 60% capacity utilization the overhead recovery rate is Rs.35/- per unit. At 70%
capacity the rate gets decreased to Rs.32/- per unit. What should be the recovery rate if
the production attains 90% capacity utilization?
a) Rs.35/- per unit
b) Rs.32/- per unit
c) Rs.30/- per unit
d) Rs.28/- per unit
Ans.
33. Accounting is an art of recording, classifying & summarizing in a significant manner.
a) actual
b) false
Ans. A
34. In case the standards are too difficult to achieve, they will give additional
incentive for improvement.
a) actual
b) false
Ans. B
35. Balance sheet shows the expenditure & income from the business.
a) actual
b) false
Ans. B
36. Interim dividend paid by the company should be debited to the profit and loss
appropriation account.
a) actual
b) false
Ans. A
37. select the accurate ans.
Which document is a part of the perpetual inventory system?
a) Bin card

Earning:   Approval pending.