Question Option1 Option2 Option3 Option4

Statement of cash flows includ Financing Activities Operating Activities Investing Activities All of the Above
In cash flows, when a firm invesIncreased Equity Increased Liabilities Decreased Cash Increased Cash
A firm that issues stocks and boDecreases Cash Increases Cash Increases Equity Increases Liabilities
The purchase value of assets over Appreciated Liabiliti Appreciated Liabiliti Depreciation Appreciation
The basic financial statements Statement of Cash Statement of RetainBalance Sheet and None of the Above
The statement of cash flow clariOperating and Non- Inflow and Outflow Investing and Non-oOperating, Investing
Cash flow example from a financi Payment of Dividen Receipt of Dividend Cash Received from Purchase of Fixed A
Cash flow example from an invest Issue of Debenture Repayment of Long-Purchase of Raw MatSale of Investment b
 The balance of fixed assets of Y Rs
Ltd.1,04,500
at cost at the end
 Rsof1,40,500
2013 and 2014Rs were
1,64,500
Rs 5,70,800 and
None
Rs 6,15,300.
of the above
During the year 20
The balance of property at cost Rs 3000 Rs 10,000 Rs 7000  Rs 15,000
Funds Flow Statement holds signShareholders Financiers Government All of the above
As per accounting standard AS3,As a current liability  As an appropriationEither of profits
a or b None of the above
 Provision of taxation is treated As
as a current liability  As an appropriationEither
of profits
a or b None of the above
Which of the following are appl Payment of dividendPayment of tax Increase in working All of the above
The Balance sheet of Ram at endRs 5000 Rs 1000 Rs 1,100 None of the above
The cost that tends to remain con Variable cost Fixed cost Total cost All of the above
Management accounting assist Only in control Only in direction Only in planning In planning, directi
Which of the following is an ad Measuring efficienc Facilitates cost cont Determination of vaAll of the above
Which of the following is not a Labour budget Cash budget Materials budget Expenses budget
___ accounting becomes a sour Financial Cost   Both (a) and (b) None of the above

The main objective of budgetaryTo define the goal To of coordinate

the firm diffe To plan to achieve itAll of the above
Overhead refers to -   Direct or Prime Cost All Indirect costs Only Factory indirec Only indirect expen
Statement of cash flows includ Financing Activities Operating Activities Operating Activities All of the Above
A firm that issues stocks and boDecreases Cash Increases Cash Increases Equity Increases Liabilities
Cash flow example from an opera Cash flow example frSale of Fixed Assets Interest Paid on Te Issue of Equity Shar
Funds Flow Statement is also k Statement of Funds Statement of SourceStatement of SourceAll of the above
 If reserve for bad and doubtful debts
In the is
schedule
mentioned
by dIn
in the
thequestion
scheduleofsepar
Funds
BothFlow
a andStatement
b None
Preparation,
of the above
it can be shown as
 Funds Flow Statement is prepared 1 on the basis of data 0 of P&L statementValue and two
delivery
consecutive
None
balance
of the
sheets.
above
Which statement is prepared in Schedule of changesFunds Flow StatemeBoth a and b  None of the above
Funds flow statements are prep To identify the changes To identify
in working
reasons
capital
To know the item-wiAll of the above
Which of the following are Non Land, Building and PLeasehold property Computer software All of the above
 In the context of Funds Flow Analysis,
Net Working
the word
capital
“funds”
Totaliscurrent
used toassets-Both
define a and b  None of the above
The relationship between two fi Pure ratio  Percentage Rate or time Either of the above
Liquid assets is determined by Current assets – sto  Current assets + stock Current
+ prepaid
assets
expenses
+ Pr None of the above
If sales is Rs 10,00,000, sales r  12.63% 0.2 0.1 0.5
Higher the ratio, the more favora Operating ratio Liquidity ratio Net profit ratio Stock turnover ratio
Given Sales is 1,20,000 and Gross 0.24 0.25 0.4 0.44
Overall Profitability ratios are Investments Sales  Both a and b None of the above
Determine Working capital turnove 5 times  6 times 3 times 1.5 times
Collection of debtors Decreases current raIncreases current ra Has no effect on curNone of the above
Quick ratio is 1.8:1, current rat Rs 54,000 Rs 60,000 Rs 1,62,000 None of the above
 When standard costs are used, Reduce
the amount of detailedIncrease
record keeping will
 Stay
normally
the same None of the above
While determining material quan  Normal material wastage
Abnormal material Both a and b None of the above
Standard costs are useful in Establishing budget Supporting cost red Simplifying cost pro All of the above
 As per J. Batty, Standard Cost represents
Anticipated ______under
costs Current givencosts
conditions.Historical costs None of the above
 The formula to estimate LabourTotalMix variance
standardislabou(Standard rate per h (Revised standard time Abnormal
- Actualidle
time)
hours
* Standard rate
The sub-variance of material us Total standard cost - Standard cost of revised
(Standard
standard
unit mix
price
- Standard
(Standardcost
quantity
of actual
- mix
When actual price is higher or l Sales price variance Sales volume varian Sales mix variance Sales quantity varia
Labour efficiency variance is a  Labour time variance Labour quantity var Labour usage varianAll of the above
The data related to Production  Rs 75 favorable Rs 75 unfavorable Rs 90 unfavorable Rs 90 favorable
Correct
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