Pra Ma 3

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Your Answer

True

Match The Following Question Differential Cost Sunk Cost Cost Centre Cost Control

Correct Answer

Your Answer

Increase or Decrease in cost Historical Cost

Increase or Decrease in cost Historical Cost

Facilitate the fixation of responsibility Process of controlling costs of operations

Facilitate the fixation of responsibility Process of controlling costs of operations

Multiple Choice Multiple Answer Question Features of Sunk cost are :Correct Answer Indicates historical cost , Not relevant in decision making process , Incurred in past Your Answer Indicates historical cost , Not relevant in decision making process , Incurred in past Multiple Choice Single Answer Question If the sales budget shows a sharp increase in a particular month, then (in order to meet the sales forecast) the production budget must call for increased production in the :Correct Answer Previous month Your Answer

Same month

True/False Question

Profitability statement is a period statement & provides information about the results of operations. Correct Answer True Your Answer

True

Select The Blank Question Uniform costing is not a separate method of ________. Correct Answer Cost accounting Your Answer

Cost accounting

Multiple Choice Multiple Answer Question When bank balance as per bank book is considered for preparing bank reconciliation statement, then following items need to be added :Correct Answer Cheques issued but not presented , Direct deposit made by customer , Wrong credits given by bank Your Answer Cheques issued but not presented , Direct deposit made by