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

Profit and loss;Insurance;General expenses;Goods lost by fire
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21. Receipts and payments method of cash budget is useful for preparing long term estimates.
a) actual
b) false
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22. select all that apply
These are the preventive costs of labour turnover :-
a)____ Cost of maintaining good relations with the workers
b)____ Cost of medical services
c)____ Training costs
d)____ Cost of welfare facilities
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23. Management Accounting is the process of analysis and interpretation of financial data collected with help of financial accounting and cost accounting
a) actual
b) false
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24. select all that apply
choose the cases where convention of conservation is applied :-
a)____ Closing stock is valued at cost or market price whichever is lower
b)____ Providing for discount on debtors
c)____ Amortization of goodwill (goodwill being written off to Profit and Loss Account) d)____ Providing for discount on creditors
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Entry for dishonour of cheque appears only in the pass book, this entry should be in the bank book.
Passed , ignored,adjusted, promoted
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If the ordering cost s, then the economic order volume will Increase.
Increase,remain constant,become nil,decrease
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27. select all that apply
Marginal costing technique is useful in taking decisions relating to which of the subsequent courses of action?
a)____ Decision to drop a product line
b)____ Decision to accept a special offer at price lower than the normal selling price c)____ Decision to accept a special offer at price higher than the normal selling price d)____ Decision regarding temporary shut-downs
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28. select the accurate ans.
A good purchase system, for materials, prevents production hold-ups due to:-
a) Lack of material
b) Excess receipt of material
c) Untrained workers
d) Lack of machines
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29. The system which provides an opportunity to the small units to take advantage of the research work taken by the large scale units of the identical industry is known as system.
Uniform accounting,uniform costing,cost accounting,cost
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30. select the accurate ans.
An important feature of management accounting is :-
a) Considers only historical data
b) Optimizing the use of resources
c) Minimizing the number of resources

Earning:   Approval pending.