Management Accounting - Scdl

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Question

The integrated form of all functional budgets is known as :-

Correct Answer Master budget Your Answer

Master budget

Select The Blank Question Dividend received on amount invested in shares is an example of ________. Correct Answer Non-operating income Your Answer

Non-operating income

True/False Question

Balance sheet indicates the expenditure & income from the business. Correct Answer False Your Answer

False

True/False Question

Bank reconciliation statement must be prepared before the preparation of profit and loss account and balance sheet. Correct Answer True Your Answer

True

Select The Blank Question ________ Accounting is the process of analysis and interpretation of financial data collected with help of financial accounting & cost accounting Correct Answer Management Your Answer

Management

Multiple Choice Single Answer Question Judge the statement in italics based on the criteria given :- On 31st March, 2004 Sita Enterprises sent goods worth Rs.30,000/on approval basis to Mr. Ram. These goods should be included in the closing stock as on 31st March, 2004 because the ownership is still with the seller, viz. Sita Enterprise. Correct Answer The statement and the reason both are correct Your Answer

The statement and the reason both are correct

Multiple Choice Single Answer Question The bank book shows an overdraft of Rs.117/- as on 31st December, 2003. It is found that the pass book is debited with Rs.11/- representing a dishonored cheque, originally received