Pra Ma 2
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- Words: 225
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False Question
In a Balance-Sheet, right hand side is referred as assets side and left hand side is referred as liabilities. Correct Answer True Your Answer
True
Multiple Choice Multiple Answer Question A materials requisition form normally contains the following aspects:Correct Answer Quantity requisitioned , Per unit material cost , Job number Your Answer
Vendors' name , Quantity requisitioned , Job number
Multiple Choice Multiple Answer Question The disadvantages of supplementary overhead rates are:Correct Answer It can be determined only after the end of the accounting period , Defeats the basic concept of normal cost , Involves lot of clerical activity Your Answer It can be determined only after the end of the accounting period , Defeats the basic concept of normal cost , Involves lot of clerical activity Select The Blank Question The expenses relating to maintenance and creation of demand for the product should be included in the ________budget. Correct Answer Selling expenses Your Answer
Selling expenses
Select The Blank Question The ________ is responsible for material losses while in storage. Correct Answer Store-keeper Your Answer
Store-keeper
Multiple Choice Multiple Answer Question Accounting is the art where transactions are :Correct Answer Summarized , Classified , Recorded Your Answer
Summarized , Classified , Recorded
True/False Question
Semi variable expenses fluctuate in direct proportion to volume.
Correct Answer False
True/False Question
In a Balance-Sheet, right hand side is referred as assets side and left hand side is referred as liabilities. Correct Answer True Your Answer
True
Multiple Choice Multiple Answer Question A materials requisition form normally contains the following aspects:Correct Answer Quantity requisitioned , Per unit material cost , Job number Your Answer
Vendors' name , Quantity requisitioned , Job number
Multiple Choice Multiple Answer Question The disadvantages of supplementary overhead rates are:Correct Answer It can be determined only after the end of the accounting period , Defeats the basic concept of normal cost , Involves lot of clerical activity Your Answer It can be determined only after the end of the accounting period , Defeats the basic concept of normal cost , Involves lot of clerical activity Select The Blank Question The expenses relating to maintenance and creation of demand for the product should be included in the ________budget. Correct Answer Selling expenses Your Answer
Selling expenses
Select The Blank Question The ________ is responsible for material losses while in storage. Correct Answer Store-keeper Your Answer
Store-keeper
Multiple Choice Multiple Answer Question Accounting is the art where transactions are :Correct Answer Summarized , Classified , Recorded Your Answer
Summarized , Classified , Recorded
True/False Question
Semi variable expenses fluctuate in direct proportion to volume.
Correct Answer False
