COST ACCOUNTING T.Y.BAF SEM 6
COST ACCOUNTINGT.Y.BAFSEM 61. The classification of fixed and variable cost has a special significance in the preparation ofa) Flexible budgetb) Cash budgetc) Capital budgetd) Zero based budged2. If the activity level is reduced from 80%, to70% the fixed costa) Will decrease by 10%b) Will increase by 10%c) Per unit will decreased) Per unit increased3. Which one of the following items would NOT be included in a cash budget.a) Capital repayments on loansb) Depreciation chargesc) Dividend paymentd) Proceeds of sales of fixed assets4. A company estimates its direct material requirement for the month of November 2014 to beRs.2,40,000 and the direct labour to be Rs.1,50,000. It is the policy of the company to absorboverhead as underFactory overhead 60% of direct wagesAdministrative overheads 20% of work costSelling & distribution overheads 25% of work costIt is estimated that selling & overhead distribution will increase by 15% in november2014. Thecompany sells goods at a profit of 16067% on sales.a) Rs. 9,21,600b) Rs. 8,56,800c) Rs. 9,09,900d) Rs.6,87,1505. One of the following is not a basic element of a budgeta) Define the responsibility of each employeeb) Comprehensive planc) Expressed in financial termd) Future plan for a specified period
6. Which of the budget is prepared for a long period of timea) Production budgetb) Purchase budgetc) Cash budgetd) Capital expenditure budget7. A flexible budget takes into accounta) Fixed cost onlyb) Variable cost onlyc) Fixed, variable and semi-variable costd) Semi-variable cost only8. A budget is expressed ina) Financial term onlyb) Quantity term onlyc) Financial / or quantitative termsd) Both financial and quantitative terms9. Performance of any organization depends ona) Political factorsb) Critical factorsc) Social factorsd) None of the above10. The budget which helps to plan and control cash isa) Production budgetb) Cash budgetc) Sales budgetd) Flexible budget11. The budget which covers all the functional budget isa) Master budgetb) Sales budgetc) Cash budgetd) Production budget12. Break even analysis may be described asa) Comparison between sales & costb) Comparison between production and salesc) Comparison between fixed cost and variable costd) Comparison to make out capacity utilization
13. To obtain break-even point in rupees, total fixed cost is divided bya) Variable cost per unitb) Fixed cost per unitc) P/V ratiod) contribution per unit14. If sales are Rs. 5,00,000; variable cost are Rs. 2,00,000and fixed cost are Rs. 2,40,000; the P/VRatio will bea) 60%b) 40%c) 20%d) 45%15. If the selling price unit is Rs.16, the unit variable cost is Rs.12 and fixed costs are Rs. 60,000; thebreak even point in units will bea) 15,000 unitb) 10,000 unitc) 20,000 unitd) 40,000 unit16. P/V ratio will increase if there isa) An increase in fixed costb) A decrease in variable cost per unitc) A decrease in fixed costd) A decrease in selling price per unit17. Selling price per unit is Rs.10 variable cost per unit is Rs.6 fixed cost Rs.2,000 contribution willbea) Rs,4b) Rs.6c) Rs.3d) Rs.818. Profit Rs.12,000, Fixed cost Rs.24,000, Margin of safety Rs.30,000, P/V ratio will bea) 30%b) 40%c) 25%d) 45%19. What distinguished absorption costing from marginal costing?a) Product cost include both prime cost and production overheadb) Product cost include both production and non-production costc) Stock valuation includes both production and non-production costd) Stock valuation includes a share of all cost
20. Which of the following factors is to be multiplied with contribution margin ratio to calculateprofit?a) Unit contribution marginb) Margin of safetyc) Variable cost per unitd) Unit sales price21. The sales volume in value required to earned the target profit, the formula isa) Target profit/ contribution per unitb) (Fixed cost Target profit) x P/V ratioc) (Fixed cost Target profit) / Contribution per unitd) (Fixed cost Target profit) / P/V ratio22. Cost-volume-profit analysis is used PRIMARILY by managementa) As a planning toolb) For control purposec) To prepare external financial statementd) For correct financial results23. P limited incurs fixed cost of Rs.1,00,000 per annum. The company manufactures a singleproduct and sells it for Rs.50 per unit. If the contribution to sales ratio is 40%, the break-evensales in unit area) Rs.6,000b) Rs.5,000c) Rs.7,000d) Rs.6,50024. A company wishes to make a profit of Rs.1,50,000. If has fixed cost of Rs,75,000 with a C/Sratio of 0.75 and a selling price of Rs.10 per unit. How many units would the company need tosell in order to achieve the required level of profit?a) 10,000 unitsb) 15,000 unitsc) 30,000 unitsd) 22,500 units25. Ideal product mix is decided in terms ofa) Salesb) Variable costc) Total costd) Marginal cost
26. In make or buy decisiona) Only marginal cost is relevantb) Only fixed cost is relevantc) Total cost is relevantd) None of these27. In make or buy decisiona) Marginal cost and purchase price should be consideredb) Total cost and purchase price should be consideredc) Fixed cost & marginal cost should b consideredd) None of these28. A cost incurred in the past and hence irrelevant for current decisions making isa) Fixed costb) Direct costc) Sunk costd) Discretionary cost29. A should down point is the point at whicha) Operating loss is equal to the loss due to shut downb) Contribution is less then fixed costc) Contribution is equal to fixed costd) None of these30. The decision maker should consider , in case of limiting factor of maximize the profita) Salesb) Contributionc) Variable costd) Fixed cost31. Measurable value of an alternative use of resources isa) Imputed costb) Sunk costc) Opportunity costd) Differential cost32. A cost that cannot be changed by any decision made now isa) Sunk costb) Opportunity costc) Indirect costd) Mixed cost
33. In a decision situation which one is the cost not likely to contain a variable cost component.a) Materialb) Labourc) Overheadd) Direct expenses34. A company manufacture two product X & Y. The contribution per unit is Rs.40 and Rs.30respectively product X requires 10 hrs. per unit and product Y requires 6hrs. Per unit. If time isthe limiting factor the most profitable product will bea) Yb) Xc) Both X & Yd) None of these35. Cost incurred in the past isa) Marginal costb) Historical costc) Fixed costd) Variable coat36. Material cost of Variance is favorable whena) Actual cost of material is more than std. material costb) Standard ,cost of material is more then and cost of materialc) Actual quantity of material is more then standard quantity of materiald) None of these37. Overheads includea) Indirect material , indirect labourb) Indirect material , indirect labour , indirect expensesc) Fixed overheadsd) None of the above38. Labour rate variance is favorable whena) Actual rate is higher than std. rateb) Actual time is less then std. timec) Actual rate is lower than std. rated) None of these39. Fixed overheads expenditure variance is a difference betweena) Fixed over heads and variable over headsb) Std. fixed overhead and actual fixed overheadc) Budgeted fixed overheads and actual fixed overheadsd) None of these
40. Labour cost variance is a difference betweena) Std. labour rate – actual labour rateb) Std. labour cost and actual labour costc) Std. labour hrs. – actual labour hrs.d) None of these41. Fixed overheads calendar variance arises due toa) Change in the labour hoursb) Change in outputc) Change in inputd) Change in the number of working days42. Fixed overhead efficiency variance is a difference betweena) Recovered overheads – std. over headsb) Std. cost – actual costc) Std. hours – actual hoursd) None of the above43. The manager responsible fir idle time variance isa) Purchase managerb) Sales managersc) Production managerd) Chief accountant44. A company budgets for fixed over heads of Rs.24,000 and production of 4,800 units. Actualproduction is 4,200 units and fixed over heads incurred is Rs.22,000. The fixed over headsvolume variance isa) 3,000 Ab) 1,500 Ac) 2,500 Fd) 3,500 F45. is a responsible for efficient buying.a) Purchase managerb) Sales managersc) Production managerd) Chief accountant46. Difference between standard cost and actual cost is called asa) Profitb) Wastagec) Varianced) Loss
47. Excess of actual cost over standard cost is aa) Favourable varianceb) Unfavourable variancec) Abnormal gaind) Abnormal loss48. If material cost variance is Rs.9,400 (favourable) and material usage variance is Rs.8,200(adverse), then material price variance isa) Rs.17,600 adverseb) Rs.5,600 favourablec) Rs.17,600 favourabled) Rs.5,600 adverse49. A standard cost system may be used ina) Job order costing , but not process costingb) Process costing, but not order job costingc) Either job order costing or process costingd) Neither job order costing or process costing50. A standard which assumes efficient level of operations, but which include allowance forfactor such as waste and machine downtime is known as ana) Ideal standardb) Normal standardsc) Attainable standardsd) Neither (a) nor (b) nor (c)
Economics ( Tybaf) 6th semQ1. Multiple choice question:1) The density of population in the country is —————a) Risingb) Fallingc) Constantd) High2) Which of the following population policy aims at stabilizing population by 2045?a) Family planning programmeb) National population policy 2000c) Family Welfare programmed) Empowered Action Group3) Which of the following has introduced Multi-dimension poverty Index?a) world bankb) Human Development Report 2010c) Planning commissiond) RBI4) According to Tendulkar committee the total percentage of population in India below poverty linein 2011-2012 is ——a) 37.2b) 27.5c) 42d) 21.95) The process of industrializations will lead to what type of income distribution in the developingcountries?a) Worseningb) betterc) No changed) Good6) A lower Gini index implies which of the following?a) More equal distribution of incomeb) Unequal distribution of incomec) Higher inequalityd) Higher equality7) Which of the following types of unemployment is not applicable to India?a) Seasonalb) Disguisedc) Cyclical
d) Educated8) Which of the following is not the important cause of unemployment in India?a) Increase in labour forceb) Inappropriate technologyc) Lack of effective demandd) Protective labour laws9) Which of the following is not the beneficial effects of urbanization?a) Growth of slumsb) Social integrationc) Educational facilitiesd) Growth of service sector10) Which of the following is not the adverse effects of urbanization?a) Congestionb) Conveniencec) Over crowdingd) Rise in Crimes11) Through land reforms landlords were allowed to retain some land for —————a) Self cultivationb) For modernising agriculturec) Commercial purposed) agriculture purpose12) Consolidation of land holding enables ————a) Mechanisation of cultivationb) Increase wastage of landc) Discourage cooperative farmingd) Decrease wastage of land13) High yielding variety seeds were used in the cultivation of ————a) wheat and riceb) sugarc) pulsesd) rice14) Information to farmers is provided by ————a) Information Centerb) Kisan call centrec) Extension service centred) service centre
15) Agricultural prices in India area) very certainb) uncertainc) very remuneratived) certain16) Fair price shops protect the interest of ————a) poor farmersb) poor consumersc) poor tradersd) poor suppliers17) Major part of the agricultural credit is supplied by ————a) Money lendersb) Commercial banksc) Co-operate banksd) Public bank18) Kisan credit card was introduced bya) RBIb) NABARDc) Co-operative banksd) Commercial bank19) Market information reduces exploitation ofa) Farmersb) Tradersc) Consumerd) Suppliers20) Demand for agricultural commoditiesa) very elasticb) unit elasticc) less elasticd) Inelastic21) The objective of National Agriculture policy 2000 is to achieve agriculture growth rateofa) 3%b) 4%c) 5%d) 6%22) The average agricultural growth rate since 2000 is
a) Above 4%b) less than 4 percentc) 4%d) 5%23) Which of the following is not a part of the classification of industries on the basis of use ofgood?a) Basic goodsb) Consumer goodsc) Public sector goodsd) Capital goods24) Which of the following is not a part of the classification of industries on the basis of size ofinvestment?a) Micro enterpriseb) Capitals goods industriesc) Small enterprised) Medium enterprise25) Indian policy of 1948 classified industries into how many categories?a) Threeb) Fourc) Twod) Five26) Which of the following is not a part of Industrial policy 1991?a) Abolition of industrial licensingb) FDIc) Permitting foreign technologyd) Competition Act27) Which of the following is not the role of public sector in India?a) Export promotionb) Import substitutionc) Foreign Exchange earningd) Increase in unemployment28) Which of the following is not the objective of disinvestment policy?a) Raising resourcesb) Raising productive efficiencyc) Reduce public interferenced) To increase the role of government29) Which of the following is not the significance of small scale industries?
a) Employment generationb) Reduction of fiscal deficitc) Contribution to exportsd) Mobilisation of capital30) The problem of small scale industries are related to which of the following?a) Finance and creditb) Financial assistancec) Open market operationd) end market operation31) Which of the following is not a part of new technology in banking?a) ATMsb) Internet bankingc) Debit cardd) Net Interest margin32) The insolvency and bankruptcy code was passed ina) 2015b) 2016c) 2017d) 201833)How much FDI is allowed in the insurance companies?a) 26%b) 49%c) 51%d) 75%34) Which of the following committee was established to suggest insurance sector reforms?a) Malhotra committeeb) Rangarayan committeec) Narashimhan committeed) Raja Chelliah committee35) Upto what limit FDI is allowed in health- related services under automatic route?a) 100%b) 51%c) 75%d) less than 50%36) The Natural Rural Health Mission gives importance to which of the following?a) AYUSHb) Education
c) Sanitationd) Medical37) In 2018-19 major share of our exports belongs toa) Crude and petroleumb) Manufactured goodsc) Agricultural goodsd) Agricultural and allied products38) India’s main trade partners area) Asiab) North Americac) Chinad) Russia39)In 1990-91, India’s foreign exchange reserve was ina) Surplusb) Deficitc) Balanced) Imbalance40) Multinational corporationa) acquire monopoly powerb) reduces inequality of incomec) Reduce equality of incomed) Create unemployment41) Portfolio investment is the investment ina) Fixed capital of a companyb) Financial instrumentc) Stock of goods in foreign countryd) Money market42) Which of the following is not the role of SBI?a) Regulatory roleb) Investors educationc) Treasury billsd) Market surveillance43) Capita market is a market fora) Short term fundsb) Long term fundsc) Medium term fundsd) Medium and long term funds
44) The primary market does not includea) Equity issuesb) GDR issuesc) Screen based tradingd) debt issues45) Secondary market reform does not includea) screen based tradingb) LAFc) Depository systemd) Rolling settlement46) In 2018 advances of commercial banks to the priority sector wasa) 40%b) more than 40%c) Less than 40%d) more than 50%47) Monetary policy in India is decided bya) RBI governorb) Finance Ministerc) Monetary Policy committeed) Commercial bank48) An increase in SLRa) increase the earning of banksb) reduces the earning of banksc) increase the income of the governmentd) decreases the earning of banks49) which of the following is not the feature of commercial bills?a) Short termb) Trade billsc) Issued by RBId) High degree of liquidity50) Which of the following is a part of the organised sector of Indian money market?a) Indigenous bankersb) Loan companiesc) Call money marketd) Money lenders
Achievers College of Commerce & Management,Kalyan (w)Financial Accounting VII (Sem 6)TY.BAF1. Electric Tariffs are fixedA. By appropriate commissionsB. Under Electric(Supply) Act,1948C. Under Electricity Acr,1910D. under Electricity Regulatory Commission Act,19982. Interest on Security deposits from electricity consumersA. is not payableB. is payable at bank rate or more as prescribedC. is payable only at bank rateD. may be paid at a rate lower than the bank rate3. Balance of Accrued Interest on Security Deposit from electricity consumersA. is written offB. is shown as current liabilityC. is shown as non-current liabilityD. is shown as current assets4. Grant received under APDRP of Ministry of Power is accounted forA. as a liabilityB. as a reserveC. as a capital reserveD. as reduction in cost of fixed assets5. Formats of financial statements of Electricity Commission are laid down inA. The Central Electricity Regulatory Commission ActB. The Companies ActC. The Income Tax ActD. The Electricity Act,20036. Deposit for Service Line Contribution Cum Development Charges may be accountedforA. as a capital reserveB. as a reserveC. as reduction in cost of fixed assetsD. capital reserve , as a reserve , as reduction in cost of fixed assets7. The value base for depreciation in case of Electricity Company should becost of an assetA. CapitalB. NominalC. MarketD. Book8. The whole of the day-to day management of a Co-operative society vests inA. the General BodyB. the Secretary
C. the Managing CommitteeD. the Chairman9. In this case the Members are the Owners of the PropertyA. Tenant Co-partnership SocietiesB. Tenant Ownership SocietiesC. House Mortgage SocietiesD. House Construction Societies10. Contribution toward the Sinking FundA. 25% of the net profits each yearB. Rs 36 per member per yearC. ¼% of the cost of the flat per annum from each memberD. Rs 1/-per member11. Section of the Act states that every society shall contribute annually towardsthe Education Fund.A. 65(1)B. 65(2)C. 64D. 6812. Every society deriving profits, shall transfer % of the profit to the ReserveFund.A. 10B. 15C. 5D. 2513. The maximum amount of cash allowable to be kept by Sugar FactoriesA. Rs 5,000B. Rs 500C. Rs 1,000D. Rs 30014. Proper custody and maintenance of property belonging to the society is the functionofA. the chairmanB. the secretaryC. the treasurerD. the managing committee15. In consumer‟s co-operative societies Sales made to members are recorded in a.A. Cash memosB. Pass BooksC. Debit notesD. Credit notes16. Dead stocks is shown in the balance sheet of a co-operative societyA. under fixed assetsB. separatelyC. under Current AssetsD. Miscellaneous Expenditure17. Interest is always calculated on the
A. Market Value of the securityB. Book value of the securityC. Nominal Value the SecurityD. Weighted Average Cost of the security18. Following is not a Fixed Income Bearing securitiesA. DebenturesB. Equity sharesC. preference sharesD. Government Security19. XYZ buys 200 Debentures of Nominal Value of Rs 100 of ICICI Ltd. at Rs 98 (exinterest) on 1-3-2012 from ABC. Interest @ 12% p.a is to be paid half yearly on 30thJune and 31st December. Total payment made by XYZ isA. Rs 19,600B. Rs 20,000C. Rs 19,800D. 20,20020. Profit on sale of investmentA. is transferred to Profit & Loss a/c only if the investment is current investmentB. is transferred to Profit & Loss a/cC. is transferred to capital reserve a/c if the investment is long term investmentD. is transferred to capital reduction a/c21. If market value of investment held as current assets is less thanA. Difference is credited to profit & loss a/cB. difference is debited to profit & loss a/cC. difference is ignoredD. difference is debited to capital reserve a/c22. Dividend on shares accruesA. on the last day of the financial yearB. on due dates fixed in advanceC. on the date it is declared d.D. on the first day of the financial year23. The current investments are valued on closing date atA. Market ValueB. Lower of cost and market valueC. Cost of PurchaseD. Higher of cost and fair value24. The cost of Right shares isA. Added to the cost of investmentsB. No treatment is requiredC. Subtracted from the cost of investmentD. Added to market value of investment25. Short Term investments are carried atA. Market ValueB. Cost PriceC. Cost or Market Value whichever is lessD. Book value
26. SEBI RegulatesA. Mutual FundsB. Registrar and Transfer AgentsC. DepositoriesD. Mutual Funds ,Registrar and Transfer Agents ,Depositories27. A close-ended mutual funds has a fixedA. NAVB. Rate of ReturnC. Fund SizeD. Number of distributors28. Of the following fund types, the highest risk is associated withA. Balanced fundsB. Equity growth fundsC. Gilt FundsD. Debts funds29. The NAV of a mutual fundsA. Is always constantB. keeps going up at a steady rateC. fluctuates with market price movementsD. cannot go down at all30. The “load” charged to an investor in a mutual fund isA. Entry feeB. cost of the paper the unit certificates are printedC. the fee the agent charges to the investorD. the expenses incurred by fund manager for marketing a mutual fund scheme31. A mutual fund is notA. the Government of IndiaB. all its investorsC. SEBID. AMFI32. Investments made by a mutual fund on behalf of investors are accounted asA. AssetsB. CapitalC. LiabilitiesD. Investment33. The trust that manages a mutual fund is appointed byA. SEBIB. the Finance MinistryC. RBID. The sponsor of that mutual fund34. The role of an AMC is to act asA. PromotersB. Distribution AgentsC. Investment MangersD. Regulators35. The highest authority among the following is the
A. SEBIB. Company Law boardC. RBID. Ministry of Finance36. SEBI Regulations for Mutual Funds were formulated inA. 1992B. 1995C. 1996D. 199337. A mutual fund in India is aA. body corporatesB. .trustC. companyD. an asset management company38. The organisation responsible for comprehensive set of regulations for all mutual fundsin India isA. RBIB. AMFIC. SEBID. SHCIL39. The whole of the day to day management of a co-operative society vests inA. The General BodyB. The SecretaryC. The Managing CommitteeD. The Chairman40. is the fluctuating Income bearing SecurityA. DebentureB. Preference SharesC. Equity SharesD. Government Security41. Total Number of International Financing Reporting Standards isA. 41B. 15C. 33D. 1942. In general terms „convergence‟ meansA. to achieve compliance with IFRSB. to achieve identity with IFRSC. to achieve harmony in relation to IFRSD. to rename local accounting standards as IFRS43. Any company may voluntarily adopt Ind AS for accounting periods beginningwithA. 1st April,2014B. 1st April,2015C. 1st April,2016D. 1st April,2017
44. IFRS MeansA. Interim Financial Reporting StandardsB. International Financial Reporting StandardsC. Indian Financial Reporting StandardsD. Indian Foreign Reporting Standards45. IFRS 1 was issued inA. January, 2003B. June,2010C. June 2003D. January 200446. Total number of International Accounting Standards(IAS)A. 41B. 33C. 9D. 1947. A mutual funds‟ investments are guided by theA. AMCB. Investment ObjectivesC. Board of TrusteesD. Unit48. The load amount charged to a scheme over a period of time is calledA. entry loadB. exit loadC. deferred loadD. no-load49. Mutual Funds are value their investmentsA. at purchase PriceB. at parC. at book valueD. on a mark-to-market basis50. Register of audit objectives is required to be maintained by aA. BankB. Life Insurance CompanyC. General Insurance CompanyD. Co-operative Society
ACHIEVERS COLLEGE OF COMMERCE & MANAGEMENT, KALYANTYBAF SEM 6FINANCIAL MANAGEMENT1. A company intending to takeover another company approaches another company for negotiation andpurchase. It is a case ofa)b)c)d)friendly takeoverhostile takeoverconglomeratedemerger2. Merger of two companies operating in the same market is called asa)b)c)d)Horizontal M & AVertical M & AConglomerateAcquisition3. Merger of totally unrelated lines of business is aa)b)c)d)ConglomerateVertical M & AHorizontal M & AClosure4. A situation where the combined firm is more valuable than the sum of individual combined firm isa)b)c)d)SynergyEnergyStrengthAppreciation5. EPSa)b)c)d)No. of equity sharesNo. of preference sharesNo. of debenturesNo. of partly paid preference shares6. Combination of a computer system manufacturer with a UPS manufacturer is an example entric7. A car manufacturer acquires a steel company is an example of mergera) Horizontal
b) Verticalc) Conglomerated) Concentric8. Amalgamation is governed bya)b)c)d)AS 14AS 3AS 21AS 329. Balance of capital reduction should be transfer toa)b)c)d)Security premiumCapital ReserveShare CapitalProfit & Loss Account10. Internal reconstruction requiresa)b)c)d)Ordinary resolution passed at General MeetingSpecial resolution passed at General MeetingSpecial resolution passed at Board MeetingOrdinary resolution passed at Board Meeting11. Creditors foregoing their claim in whole or part vision12. Hire Purchase price is equal toa)b)c)d)Cash PriceCash price – InterestCash Price InterestCash Price Interest13. Interest on debentures isa)b)c)d)Paid out of incomePaid out of profitpaid out of debenturespaid out of loans14. Hire Purchase price means amount payable by the hirer which consists ofa)b)c)d)Cash Price InterestCash price – InterestCash Price Down PaymentInterest Principal15. “And reduced” words are to be shown in Balance Sheet as per requirementa)b)c)d)Company LawASIncome TaxStock exchange
16. The is the process of making changes in the composition of a firm’s one or more businessportfolio in order to have a more profitable enterprisea)b)c)d)Corporate reconstructioncommunicationownershipcapital structure17. Permanent working capitala)b)c)d)Varies with seasonal needsincludes fixed assetsis the amount of current assets required to meet a firm’s long-term minimum needsincludes accounts payable18. Payment of reconstruction expenses is debited toa)b)c)d)Profit & Loss AccountCapital Reduction AccountCash AccountGoodwill Account19. Reduction in share capital of a company means reduction ina)b)c)d)Paid up capitalcalled up capitalauthorized capitaluncalled capital20. Spontaneous financing includesa)b)c)d)Accounts receivableaccounts payableshort-term loansa line of credit21. Strategic alliance involvesa)b)c)d)Joining of two or more businessesJoint ventureDe-mergerMerger22. Factoring involvesa)b)c)d)Management of debtorsborrowing from banksborrowing against bills of exchangepayment of creditors23. EVA is calculated on the basis ofa)b)c)d)NPATNPBTNOPATGross Profit24. Quoted shares are those shares which are
a)b)c)d)Listed on the stock exchangeQuoted dailyQuoted by the sellerQuoted by the buyer25. Working capital finance is provided againsta)b)c)d)Accounts payableinventoriesmachineryfurniture26. Factoring savesa)b)c)d)Selling costsbad debtsproduction costoverheads27. value is the value at which the asset or a security can be sold in the marketa)b)c)d)BookmarketPresentLiquidation28. Average Profit is Rs. 19,167 and normal profit is Rs. 10,000. The Super Profit isa)b)c)d)Rs. 9,167Rs. 29,167Rs. 19,167Rs. 10,00029. Earnings-based company valuations do not include the:a)b)c)d)P/E methodARR methodABC methodDCF method30. Which of the following would be consistent with a conservative approach to financing working capitala)b)c)d)Financing short-term needs with short-term funds.Financing short-term needs with long-term debt.Financing seasonal needs with short-term funds.Financing some long-term needs with short-term funds31. How can a firm provide a margin of safety if it cannot borrow on short notice to meet its needs?a)b)c)d)Maintain a low level of current assets (especially cash and marketable securities).Shorten the maturity schedule of financing.Increasing the level of fixed assets (especially plant and equipment).Lengthening the maturity schedule of financing.32. "net working capital" means the same thing as .a) total assetb) fixed assetsc) current assets
d) current assets minus current liabilities.33. The long run objective of financial management is toa)b)c)d)maximize earnings per sharemaximize return on investmentmaximize profitsmaximize the value of a firm's common stock34. How are profits measured?a)b)c)d)earning per share (EPS)economic value added (EVA)gross profitprice/earnings (P/E) ratio35. Creditors would not be interested in which group of ratios?a)b)c)d)SolvencyCapital structureProfitabilityShareholder36. current ratio that is negative would mean:a)b)c)d)current liabilities exceed current assets.liquid problems are likely.current assets are not being used efficiently.a mistake has been made.37. Average Profit is Rs. 35,000 and normal profit is Rs. 10,000. The super profit isa)b)c)d)Rs. 25,000Rs. 35,000Rs. 45,000Rs. 10,00038. In demerger a corporate body isa)b)c)d)Split into two or more bodiesTwo bodies are combinedMore than two bodies are combinedAcquired by another39. The restructuring of a firm should be undertaken if .a)b)c)d)the restructuring is expected to create value for shareholdersthe restructuring is expected to increase earnings per share (EPS) next yearthe restructuring is expected to increase the firm's market share power within the industrythe current employees will receive additional stock options to align employee interest40. In liquidation valuation it is assumed that the company will 1. The owner of the asset in lease financing is a .
a)b)c)d)DealerLessorModeratorLessee42. A merger in which one company takes over the company supplying raw material is aa)a)b)c)Backward expansionForward expansionConglomerateConcentric43. EVA shows contribution to of shareholders.a)b)c)d)FundsWealthEconomyVoting powers44. Super Profit is Rs. 9,167 and the Normal Rate of return is 10%. Goodwill as per capitalisation of su
44. A company budgets for fixed over heads of Rs.24,000 and production of 4,800 units. Actual production is 4,200 units and fixed over heads incurred is Rs.22,000. The fixed over heads volume variance is a) 3,000 A b) 1,500 A c) 2,500 F d) 3,500 F 45. _ is a responsible fo
Cost Accounting 1.2 Objectives and Functions of Cost Accounting 1.3 Cost Accounting and Financial Accounting — Comparison 1.3 Application of Cost Accounting 1.5 Advantages of Cost Accounting 1.6 Limitations or Objections Against cost Accounting 1.7 Installation of a costing system 1.7 Concept of Cost 1.9 Cost Centre 1.10 Cost Unit 1.11 Cost .File Size: 1MB
FINANCIAL ACCOUNTING : MEANING, NATURE AND ROLE OF ACCOUNTING STRUCTURE 1.0 Objective 1.1 Introduction 1.2 Origin and Growth of Accounting 1.3 Meaning of Accounting 1.4 Distinction between Book-Keeping and Accounting 1.5 Distinction between Accounting and Accountancy 1.6 Nature of Accounting 1.7 Objectives of Accounting 1.8 Users of Accounting Information 1.9 Branches of Accounting 1.10 Role .
Unit 1: Introduction to Cost Accounting Notes LOVELY PROFESSIONAL UNIVERSITY 1 Unit 1: Introduction to Cost Accounting CONTENTS Objectives Introduction 1.1 Meaning and Defi nition of Cost Accounting 1.2 Scope and Use of Cost Accounting 1.3 Relationship between Financial Accounting and Cost Accounting 1.4 Role of Cost Accounting in Decision Making
1. What does cost accounting involve? A. Drawing up balance sheet B. Writing off of costs C. Ascertainment of cost D. Preparation of statement of value added E. Annual audit of financial statement 2. Cost accounting is an integral part of A. Financial accounting B. Forensic accounting C. Treasury accounting D. Historical accounting
para 5.4 of CAS-17, Cost Accounting Standard on Interest and Financing Charges; para 5.2 of CAS-18, Cost Accounting Standard on Research and Development Costs; para 5.6 of CAS-19, Cost Accounting Standard on Joint Costs; para 5.3 of CAS-20, Cost Accounting Standard on Royalty and Technical Know-how Fee;
ACCT 2100 Principles of Accounting 3 Ph.D. Accounting Virginia Tech Yes ACCT 3131 Cost Accounting I 3 Yes Berrigan, Isabel M ACCT 3124 Governmental Accounting 3 M.S. Accounting - Auditing University of New Orleans No ACCT 2100 Principles of Accounting 3 M.S. Accounting University of New Orleans No ACCT 3
Level 3 Accounting OVERVIEW – Course Information page ii General Overview NCEA Level 3 Accounting covers partnership accounting, company accounting, company annual report interpretation, cost accounting, management accounting and decision making. The Accounting Scholarship Standard is one standard with a focus on repo
SMT. M. M. K. COLLEGE OF COMMERCE & ECONOMICS Adv Nari Gursahani Road, TPS – III, Off. Linking Road, Bandra (west), Mumbai – 400 050 TYBAF SEM - VI Page 6 TY BAF SEMESTER – VI INTERNAL EXAM NOTICE MARCH 2021 NAME OF SUBJECT : ECONOMICS PAPER - III NAME
