Accounting for Management

M

Mr. Dubey • 51.43K Points
Coach

Q 61. The term current assets does not include

(A) payment in advance
(B) bills receivable
(C) long term deferred charges
(D) none of these
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M

Mr. Dubey • 51.43K Points
Coach

Q 62. The following is a recorded fact

(A) market value of investment
(B) debtors
(C) replacement cost
(D) none
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M

Mr. Dubey • 51.43K Points
Coach

Q 63. The term fixed assets includes

(A) stock in trade
(B) furniture
(C) payments in advance
(D) all of these
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M

Mr. Dubey • 51.43K Points
Coach

Q 64. ……………….are the statements, in which figures reported are converted into percentages to some common base.

(A) comparative statements
(B) common size statements
(C) both of these
(D) none
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M

Mr. Dubey • 51.43K Points
Coach

Q 65. ………………. are prepared so as to provide time perspective to the consideration of various elements of financial position embodied in such statements.

(A) comparative statements
(B) common size statements
(C) both of these
(D) none
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M

Mr. Dubey • 51.43K Points
Coach

Q 66. ………….analysis is useful in comparing performance of several companies in the same group, or division or department of the same company.

(A) vertical analysis
(B) horizontal analysis
(C) external analysis
(D) none of these
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M

Mr. Dubey • 51.43K Points
Coach

Q 67. ……………..type of analysis is based on the data from year to year rather than on one date, and also termed as dynamic analysis.

(A) internal analysis
(B) horizontal analysis
(C) external analysis
(D) none of these
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M

Mr. Dubey • 51.43K Points
Coach

Q 68. Prime costs may be defined as

(A) the total costs of manufacturing a product
(B) the total direct costs of manufacturing a product
(C) the cost of the first stage of manufacturing
(D) the total cost of production
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M

Mr. Dubey • 51.43K Points
Coach

Q 69. Responsibility accounting aims to …………….

(A) ensure that costs become the responsibility of a specific manager
(B) reduce the costs that a department incurs
(C) allocate costs to all areas of a business
(D) ensure that a manager is punished if things go wrong
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M

Mr. Dubey • 51.43K Points
Coach

Q 70. An investment centre is a responsibility centre where the manager has control of ………………

(A) costs and profits
(B) cost profits and product quality
(C) costs profits and assets
(D) costs
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