financial planning and cost accounting mcqs pdf

Financial planning and cost accounting mcqs pdf

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Accounting MCQs | FPSC Accountant Test

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150 Mcqs Cost Accounting

Previous Practice: MCQs. Principles of Accounting MCQs.

Accounting MCQs | FPSC Accountant Test

Multiple costing is a technique of using two or more costing methods for ascertainment of cost by. Wages paid to a labour who was engaged in production activities can be termed as.

The cost which is to be incurred even when a business unit is closed is a. Classification of cost is useful. Elements of costs are. Indirect material used in production is classified as. Which one of the following is not considered for preparation of cost sheet? Factory cost. Goodwill written off. Selling cost. Tender is an. Prime cost includes. The ratios which reflect managerial efficiency in handling the assets is. Which ratio is calculated to ascertain the efficiency of inventory management in terms of capital investment?

Which ratio measures the number of times the receivables are rotated in a year in terms of sales? P in relation to the old B. Selling price per unit Rs. Sales Rs. Fixed cost Rs. Actual sales Rs. Total sales Rs. Functional budget. Expenditure budget. Master budget. Flexible budget. Cash budget.

Purchase budget. Which of the following is usually a long-term budget?. Fixed budget. Sales budget D. Capital expenditure budget.

Capital budget. The budget, which is prepared first of all is. Budget for key factor. Formula method. Multi-activity method. Budget cost allowance method. Proportionate method. What type of budget is designed to take into account forecast change in costs, prices, etc? Rolling budget. Organizing C. Sales budget. The budget which shows the budgeted quantity of output to be produced during a specific period is.

Production budget. Material purchase budget. Material sales budget. Material production budget. Material budget. Material consumption budget. Personnel department.

Sales department. Purchase department. Accounts department. Production overhead budget. Administration overhead budget. Selling and distribution overhead budget. Research and development budget. The budget prepared to estimate the expenditure on fixed assets is known as.

Capital expenditure budget B. The budget prepared for replacement of assets, expansion of production facilities, adoption of new technologies etc. One level of activity. Range of activity. Two level of activity. Three level of activity. Zero base budgeting. At Best Control. Always Better Control. Average better Control. All best control. Just In Time. Just Inventory Time. Fast Investment in Future Order.

First In First Out. Fast In Fast Out D. Fast Issue Of Fast Order. LIFO method of pricing of materials is more suitable when. Material is issued by store keeper against. Economic Order Quantity. Essential Order Quantity. Economic Output Quantity. Essential Output Quantity. Expected production. Expected sales. Expected purchase.

Expected loss. Material consumed is Rs. What is the cost of raw material purchased? If selling price is Rs. Open navigation menu. Close suggestions Search Search. User Settings. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Uploaded by Imran. Document Information click to expand document information Description: A. Date uploaded Aug 06, Did you find this document useful?

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Cost accounting quick study guide includes terminology definitions in self-teaching guide from business administration textbooks on chapters:. Multiple choice questions and answers on accounting concepts MCQ questions PDF covers topics: Conversion costs, cost analysis, inventory types, inventorable cost and period cost, manufacturing costs, period costs, prime costs, and types of inventories. Multiple choice questions and answers on activity based costing and management MCQ questions PDF covers topics: Activity based costing systems, activity based costing, accounting, broad averaging and consequence, and refining costing system. Multiple choice questions and answers on balanced scorecard and strategic profitability analysis MCQ questions PDF covers topics: Balanced scorecard, strategic analysis, accounting strategy, operating income, and strategy implementation. Multiple choice questions and answers on balanced scorecard: quality, time and theory of constraints MCQ questions PDF covers topics: Costs of quality, quality improvements, customer response time and on time performance, analyzing problems and improve quality, balance scorecard and measures, bottlenecks, financial perspective, and competitive tool. Multiple choice questions and answers on basics of accounting MCQ questions PDF covers topics: Direct costs, indirect costs, and what is cost in accounting.

The process and discrete manufacturing segments spent a total of Rs 2, crore on IT in the year Income normally A. Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Financial Planning is the process of estimating the capital required and determining its competition. Financial Planning Process Step 6: Monitor the Plan It's called "financial planning" for a reason: Plans evolve and change just like life. Changing personal, social, and economic factors may You need to regularly assess your financial decisions. Financial Planning is a vital part of Financial Management.


Mcqs Cost Accounting - Free download as PDF File .pdf), Text File .txt) or read online for free. A. limitations of the financial accounting.


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Subscribe to this blog. Download MCQ - intro to audit. Multiple choice questions on master budget and responsibility accounting quiz answers PDF covers MCQ questions on topics: Budgets and budgeting cycle, Kaizen budgeting, responsibility and controllability, accounting concepts, accounting principles, computer based financial planning models, internal controls accounting, sensitivity analysis, uncertainty, and types of inventory. Ashfaq Afridi.

150 Mcqs Cost Accounting

Katy Ivanova. Scholars have always advised students that past questions and answers are best made use of after reading thoroughly, questions and answers are used as a metric to test your strengths and identify your weaknesses on a particular subject and work on them. For each correct answer, you get a chance at making a 3-point shot. Accounts Fundamental MCQ with detailed explanation for interview, entrance and competitive exams. Answers; Accounting 2.

Cost accounting quick study guide includes terminology definitions in self-teaching guide from business administration textbooks on chapters:. Multiple choice questions and answers on accounting concepts MCQ questions PDF covers topics: Conversion costs, cost analysis, inventory types, inventorable cost and period cost, manufacturing costs, period costs, prime costs, and types of inventories. Multiple choice questions and answers on activity based costing and management MCQ questions PDF covers topics: Activity based costing systems, activity based costing, accounting, broad averaging and consequence, and refining costing system. Multiple choice questions and answers on balanced scorecard and strategic profitability analysis MCQ questions PDF covers topics: Balanced scorecard, strategic analysis, accounting strategy, operating income, and strategy implementation.

150 Mcqs Cost Accounting

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Financial analysts C Bank D Employees 6. Multiple-choice Quizzes that accompany Fundamentals of Financial Management, 13th ed. Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. Carriage inward is allocated between the pre and post incorporation periods on the basis of: Your answer is incorrect. A budget is a detailed plan of operations for future periods. Self-assessment multiple-choice questions with solutions for students Chapter 1 1 In real life, entrepreneurs are those that This activity contains 12 questions.

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