LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Multiple Answer Question Which of the formulae can be used to calculate profit volume ratio :Correct Answer Change in contribution / Change in sales , 1 - (Change in variable cost / Change in sales) , (Fixed cost + Profit) / Sales Your Answer (Fixed cost + Profit) / Sales Select The Blank Question The process of recording the business transactions in a defined set of records is referred to as ________. Correct Answer Balance sheet Your Answer True/False Question Balance sheet

Accounting refers to the process of analyzing & interpreting the information already recorded in the books of accounts. Correct Answer True Your Answer False

Match The Following Question

Correct Answer

Your Answer Scope of uniform costing Requisite for uniform costing Advantage of uniform costing Fields covered by uniform costing

Advantageously applicable Scope of uniform costing in similar industries Spirit of mutual trust Requisite for uniform costing Avoids cut throat Advantage of uniform competition costing Treatment given to Fields covered by uniform research and development costing costs

Select The Blank Question Average stock = ________ + (Order size / 2). Correct Answer Safety stock Your Answer True/False Question Safety stock

The role of the budget committee may be taken as an advisory role to the Chief Executive. Correct Answer True Your Answer True