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Management Accounting Combined

Management Accounting Combined

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Published by api-26639563

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Published by: api-26639563 on Oct 14, 2008
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03/18/2014

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LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question

The advantages of written communication are
Correct Answer Accuracy , Can be recorded , Brevity
Your Answer

Accuracy , Can be recorded
Multiple Choice Multiple Answer
Question

Business letters can be useful in different ways like
Correct Answer Legal evidence , Permanent information , Recovering dues
Your Answer

Legal evidence , Permanent information , Recovering dues
Multiple Choice Multiple Answer
Question

Essential parts of business letters would be
Correct Answer Head address , Date , Outward number
Your Answer

Head address , Date , Outward number
Multiple Choice Multiple Answer
Question

The Head address includes
Correct Answer Tel no. , Name of organization
Your Answer

Tel no. , Name of organization , Name of person
Multiple Choice Multiple Answer
Question

The body of the letter may be divided into
Correct Answer Opening Para , Main communication , Closing paragraph
Your Answer

Reference Para , Opening Para , Main communication , Closing
paragraph
Multiple Choice Multiple Answer
Question

Examples of salutations would be
Correct Answer Dear sir , Respected Sir
Your Answer

Thanking you , Yours faithfully , Respected Sir
Multiple Choice Multiple Answer
Question

The matter in the memorandum may include
Correct Answer Procedures , Rules , Instructions
Your Answer

Procedures , Rules , Instructions
True/False
Question
People external to the organization do not have any access to
the costing records.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
Features of Financial Accounting includes-----------------
Correct AnswerIt is a legal requirement , It protects the interest of outsiders , It
considers historical transactions
Your Answer
It is a legal requirement , It protects the interest of outsiders , It
considers historical transactions
True/False
Question
A cheque received from a customer but not deposited into bank
must be recorded in the cash book.
Correct Answer True
Your Answer
False
Multiple Choice Single Answer
Question

Goods return by Pande worth Rs. 2000 should have appeared
on the credit side of Pande\u2019s account for rectifying the same.
Following account to be credited

Correct Answer Suspense A/C
Your Answer
Goods A/C
Multiple Choice Single Answer
Question
Amit purchase of Rs. 6710 had been posted to the debit of the
creditors A/C as 6170 rectifying the transaction the creditor A/C
is to be debited amount to Rs
Correct Answer 540
Your Answer
540
Multiple Choice Single Answer
Question
The periodical total of sales book was cash short by Rs. 5000 for
rectifying the same, which A/C to be debited
Correct Answer Suspense A/C
Your Answer
Cash A/C
Multiple Choice Single Answer
Question

Old furniture sold for Rs. 5400 has been entered as Rs 4500 in the cash book, for rectifying the same Suspense A/C credited to Rs

Correct Answer 900
Your Answer
900
Multiple Choice Multiple Answer
Question
Following error affect the trial balance
Correct Answer
W
rong totaling of subsidiary books , Posting on the wrong side of
an account , Omission of posting an account in the ledger
Your Answer
Posting on the wrong side of an account , Omission of posting
an account in the ledger
True/False
Question
Due to compensating errors the arithmetical accuracy of the trial
balance get affected.
Correct Answer False
Your Answer
False
Multiple Choice Single Answer
Question

This cost indicates historical cost which is incurred in past.
Correct Answer Sunk cost
Your Answer

Sunk cost
Match The Following
Question
Correct Answer
Your Answer
Non-operating Income
Profit on sale of shares
Profit on sale of shares
Non-operating Expense
Dividend on shares
Dividend on shares
Selling & Distribution
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Factory Cost
Repair for factory building Repair for factory building
Total Cost
Cost of finished goods
Cost of finished goods

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