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

b) Purchase order
c) Material requisition note
d) Goods received note
Ans. A
38. An amount of Rs.200/- is received from P and is credited to Q. The rectification entry
would affect __________________________.
P's A/c and Q's A/c; Cash A/c and P's A/c; P's A/c; Q's A/c
Ans. P's A/c and Q's A/c
39. select all that apply
choose the accurate statements. Ram's account…….Dr. Rs.10,000 To Bank account
Rs.10,000
a)____ Ram is a creditor
b)____ Ram is an employee
c)____ Rs.10,000/- has been paid to Ram
d)____ The payment is made by cheque
Ans. A,c,d
40. According to the standard costing principles, only adverse variance must be further
investigated.
a) actual
b) false
Ans. B
41. Fixed expenses will move up by jumps if the output exceeds the capacity.
a) actual
b) false
Ans. A
42. The Balance Sheet method of cash budget ignores any excess or shortage of cash
during the budget period.
a) actual
b) false
Ans. A
43. If the firm is operating with zero margin of safety, decline of even a single unit in
sales will outcome in ___________________.
Net profit; Loss; Gross profit; Contribution
Ans. Loss
44. If the physical stock is less than the stock as per the stores ledger, such shortage
should be treated as an problem of material.
a) actual
b) false
Ans. A
45. The closing stocks should ___________________ the cost of the goods which sent on
approval basis.
Be increased by; Exclude; Be reduced by; Not get affected by
Ans. Be increased by
46. select the accurate ans.
Hourly wage rate is Rs.25/- and the time allowed for a job is 15 hours. Harry
completed the job in 12 hours. compute the effective hourly earnings for Harry under
Halsey Plan.
a) Rs.25/-
b) Rs.30/-
c) Rs.28.12
d) Rs.33.12
Ans. C
47. select all that apply
Features of Taylor's differential piece rate system are as follows :-
a)____ Strong incentive to inefficient and new workers.
b)____ Minimal clerical work is involved in calculating the wages
c)____ Helps in building up an efficient labour force
d)____ Strong incentive to efficient and ambitious workers.
Ans. B,c,d
P.T.O.
?48. select the accurate ans.
The details regarding a food product manufactured by ABC Co. for the last 1 week

Earning:   Approval pending.