Financial and Management Accounting (CBSE-NET (UGC) Commerce (Paper-II & Paper-III)): Questions 12 - 15 of 23

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Question number: 12

» Financial and Management Accounting » Capital and Revenue

MCQ▾

Question

All revenue expenditures and receipts are taken to

Choices

Choice (4) Response

a.

Trial Balance

b.

Balance sheet

c.

Trading & P/L account

d.

All of the above

Question number: 13

» Financial and Management Accounting » Partnership Accounts » Admission

MCQ▾

Question

Sacrificing ratio is equal to the

Choices

Choice (4) Response

a.

New ratio – Old ratio

b.

Old ratio - New ratio

c.

Old ratio + New ratio

d.

None of the above

Question number: 14

» Financial and Management Accounting » Financial Statements

Appeared in Year: 2017

MCQ▾

Question

Consolidated financial statements are prepared on the principle

Choices

Choice (4) Response

a.

In form companies are separate, in substance they are one.

b.

In form the companies are one entity, in substance they are separate.

c.

In form and substance the companies are one entity.

d.

In form and substance the companies are separate.

Question number: 15

» Financial and Management Accounting » Costing for Decision - Making

Appeared in Year: 2017

Match List-Ⅰ List-Ⅱ▾

Question

Match the items in List-I with items in List-II and indicate the code of correct matching: (January Paper 2)
List-Ⅰ (Group I) List-Ⅱ (Group II)

(A)

Computerized Inventory Control System

(i)

Enables a company to easily track large items of inventory.

(B)

Out sourcing System

(ii)

It eliminates the necessity of carrying large inventories and saves carrying cost.

(C)

ABC Inventory Control System

(iii)

Developing ancillary units around the manufacturing sites and supplying parts to manufacturing units

(D)

Just-in-time (JIT) System

(iv)

Tends to measure the significance of each item of inventories in terms of its value

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (i)
  • (iv)
  • (ii)

b.

  • (i)
  • (iii)
  • (iv)
  • (ii)

c.

  • (ii)
  • (iii)
  • (i)
  • (iv)

d.

  • (iv)
  • (iii)
  • (i)
  • (ii)

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