Accounts

Corporate finance mumbai university solved question papers download pdf

surajp47263 / April 9, 2024

M.COM. SEMESTER – II (CBCS) CORPORATE FINANCE Q.7. Sanjana Ltd. has issued bonds with face value of ` 1,000 bearing interest @ 24% p.a. payable half yearly maturing after 5 years at par. The expected rate of return of an investor is 12%. Should the investor buy the bonds if the current price of bond listed in the market is ` 1,000? (Adapted TYBAF Nov. 2016). ANS: If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only . Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw Mumbai University corporate finance M.com Semester 2 questions and answers M.com Corporate Finance Questions and Answers Part – 1 M.com Part 1 Semester 2 corporate finance questions and answers M.com part 1 sem 2 corporate finance ,Mumbai university question papers m.com. semester – ii (cbcs) corporate finance questions and answers corporate finance mumbai university solved question papers download pdf corporate finance m.com sem 2 imp questions pdf mumbai university corporate finance m.com sem 2 pdf mumbai university m.com part 1 sem 2 corporate finance mcq pdf m.com part 1 question papers with answers idol m.com question papers with answers pdf mumbai university m.com part 1 sem 2 corporate finance book pdf m.com sem 2 corporate finance question paper corporate finance m.com sem 2 manan prakashan m.com question papers with answers pdf mumbai university m.com question papers with answers pdf mumbai university part 2 m.com question papers with answers pdf mumbai university m.com question papers with answers pdf mumbai university part 2

Financial Account, Question Bank, S.Y.B.COM

Financial Account S.Y.B.com MCQ | Mumbai University IDOL MCQ

surajp47263 / June 25, 2021

1) Worthless asset is debited to capital accounts in their – a) Profit Sharing Ratio b) Capital Ratio c) Final Claim Ratio d) Gain ratio ANS: A 2) Fictitious assets are debited to partners capital accounts in their – a) Profit sharing ratio b) Capital ratio c) Final Claim ratio d) Gain ratio ANS: A 3) A partnership firm is _____ on conversionV inatlou ead L; td. a) Company b) Dissolved c) Conversion d) ignored ANS: B 4) A _____ form of organization is suitable for large scale business. a) Company b) Sole Trader c) Co-operative d) Partnership Firm ANS: A 5) A new company is formed on _____ of a firm into a Ltd. Company a) Conversion b) Dissolved c) admitted d) Admission ANS: A 6) Amount payable by a purchasing company to the vendor firm is called as_____ _____. a) Purchase consideration is settled b) Purchase Consideration ; c) Assets & Liabilities are revalued d) Capital Ratio ANS: B 7) Profit / Loss on realisation is distributed among the partners in their _____ _____ ratio. a) Profit Sharing Ratio ; b) Final Claim Ratio c) Capital Ratio d) Gain ratio ANS: A 8) Cash balance take over by a Ltd. Company is debited to _____ A/c. a) Realization A/c ; b) Capital Accounts c) P & L A/c d) Current Accounts ANS: A 9) For finding unit value capital is divided by a) Profit Sharing Ratio b) Capital Ratio c) Gain Ratio d) Scarifies ratio ANS: A 10) After finding the unit value of three partners A, B and C we select the unit value a) Which is lowest b) Which is highest c) Average d) Ignored ANS: A 11) Unit value we multiply with each one’s a) Profit Sharing Ratio b) Capital Ratio c) Average d) Gain Ratio ANS: A 12) Bank loan is ` 30,000 secured against stock and stock sold for ` 25,000, Balance ` 5,000 is a) Secured b) Unsecured c) Party secured d) Gain Ratio ANS: B 13) Realisation of assets on dissolution is a) Sudden b) Gradual c) Unexpected d) Expected ANS: B 14) External liabilities are liabilities due to a) Partners b) Creditors c) Outsiders d) Employee ANS: C 15) Employees dues are a) Preferential liabilities b) Contingent liabilities c) External liabilities d) Secured liabilities ANS: A 16) Contingent liabilities are the liabilities which are a) Contingent on happening of certain event in future b) Fixed liabilities c) Current liabilities d) Liquid liabilities ANS: A 17) Preferential liabilities are a) Payable to creditors b) Payable to government c) Payable to partners d) Payable to none ANS: B 18) Partners loan is a) Internal liability b) External liability c) Secured liability d) Assets ANS: A 19) Take over of liability by a partner is a) Added to capital of a partner b) Deducted from capital of a partner c) Neglected Recorded in d) Trading A/c ANS: A 20) General Reserve should be a) Distributed in profit sharing ratio b) Distributed in capital ratio c) Not distributed among the partners d) ignored ANS: A 21) Profit & Loss Account debit balance should be a) Deducted from Capitals b) Added to Capitals c) Transferred to Realisation Account d) ignored ANS: A 22) Realisation A/c is prepared in case of a) Admission b) Retirement c) Death d) Dissolution ANS: D 23) After payment of outside liabilities a) Govt. dues should be paid b) Partner’s loan should be paid c) Partner’s capital should be paid d) Expenses should be paid ANS: B 24) After payment of partners loan payment should be made to a) The partner having surplus capital b) The partner having deficiency c) Govt. Loan d) Secured Loan ANS: A 25) In case an asset of a firm purchased by any partner a) Partners’ capital should be debited b) Agreed value should be distributed among all the partners. c) Book value should be distributed among all the partners d) Recorded in trading A/c ANS: A If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw S.Y.B.COM Other Subject MCQ ADVERTISING S.Y.B.COM https://www.mumbaiuniversityidol.com/2021/04/sybcom-advertising-exam-mcq-pdf.html Foundation Course S.Y.Bcom MCQ https://www.mumbaiuniversityidol.com/2021/04/foundation-course-sybcom-mcq-sybcom.html Business Economics S.Y.B.Com Students MCQ https://www.mumbaiuniversityidol.com/2021/04/sybcom-business-economics-mcq-pdf.html Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html

Accounts, Cost Accounting, Question Bank, T.Y.B.COM

Cost Account MCQ PDF | T.Y.B.com cost accounting mcq with answers pdf

surajp47263 / May 26, 2021

1. ……….set of account books are maintained under Non – Integrated system. a. One b. Two c. Three d. Four ANS: B 2. Idle time variance is always ………. a. Favourable b. Controllable c. Profitable d. Unfavourable ANS: A 3. Wages control A/c is debited by………. a. Direct wages only b. Indirect wages only c. Direct & Indirect wages d. Not Direct Nor Indirect wages ANS: A 4.Normal loss is ……….to process A/c. a. Credited b. Debited c. Nominal d. Ignored ANS: C 5.What cost should be represents is an ……….cost. a. Standard b. Change In Quantity c. Change In Wastage d. Actual ANS: A 6. Contribution margin is known as………. a. Marginal Income b. Gross Margin c. Net Income d. Net Profit ANS: D 7 Activity Based Costing is a………. a. Method of costing b. Method of allocation c. Technique of costing d. Absorption ANS: A 8. The transactions which influence the cost are………. a. Input b. Output c. Profit Centre d. Cost Drivers ANS: B 9. The difference between the Actual Quantity and the Standard Quantity , multiplied by Standard Price is the ——- a. Materials efficiency variance b. Materials Volume variance c. Materials price variance d. Materials usage variance ANS: D 10. Process cost is very much applicable in—– a. Construction Industry b. Pharmaceutical Industry c. Airline Industry d. Railway Industry ANS: B 11. An estimate of what cost should be is known as —— a. Actual cost b. Ideal cost c. Standard cost d. Forecast cost ANS: B 12. Sale of plant from site is ————- a. Credited to Contract Account b. Debited to Contract Account c. Debited to Insurance Claim Account d. Credited to Insurance Claim Account ANS: B 13. After adjustment of scrap value, balance on Abnormal Loss Account is transferred to—— a. Balance Sheet b. Costing Profit and Loss Account c. Process Account d. Contract Account ANS: B 14. In process costing , each producing department is a—– a. Cost unit b. Cost Centre c. Investment Centre d. Sales Centre ANS: D 15. A standard which is established for use unaltered for an indefinite period is called—- a. Current standard b. Ideal standard c. Basic standard d. Expected standard ANS: C 16. Cost of output is calculated at each process — a. Everyday b. Periodically c. Weekly d. Monthly ANS: A 17. The application of factory overheads usually would be recorded as an increase in—— a. Cost of goods sold b. Work – in – progress control c. Factory overheads control d. Finished goods control ANS: B 18. —– is the person for whom the contract job is undertaken a. Contractor b. Contractee c. Sub-contractor d. Job-worker ANS: B 19. Issue of material is credited to —— a. Stores ledger control account b. WIP Control Account c. Overheads Control Account d. Labour Control Account ANS: D 20. Fixed cost is equal to —– a. Break even sales x Margin of Safety b. Sales x Margin of Safety c. Sales x Profit Volume Ratio d. Profit Volume Ratio x Break even sales ANS: D 21. Providing the power required to run production equipment is an example of a —— a. Unit level activity b. Batch level activity c. Product level activity d. Organization sustaining activity ANS: A 22. The cost variance is controllable when it rises due to——- a. Controllable circumstances b. Non – controllable circumstances c. Managerial efficiency d. Workers efficiency ANS: C 23. The term Standard Hours allowed measures ——- a. Budgeted Output at Actual Hours b. Budgeted Output at Standard Hours c. Actual Output at Standard Hours d. Actual Output at Actual Hours ANS: C 24. Margin of Safety is referred to as—– a. Excess of sales over break – even sales b. Excess of sales over fixed cost c. Excess of sales over variable cost d. Excess of sales over budgeted sales ANS: A 25. Work certified is valued at———- a. Cost price b. Cost or Market price whichever is less c. Market price d. Estimated price ANS: A If You Need Most Importance MCQ PDF Cost Accounting Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw

Accounts, Cost Accounting, M.COM PART 1, Question Bank

ADVANCED COST ACCOUNTING M.COM PART 1 MCQ | M.com Part 1 MCQ

surajp47263 / May 23, 2021

Youtuber : Suraj Patel Education ADVANCED COST ACCOUNTING M.COM [PART 1] Hello Friends… Aaj ke article me aap logo ko M.com Part 1 ADVANCED COST ACCOUNTING related MCQ provide karne wala hu yeah MCQs kafi jyada important hai M.COM ke Student ke liye. Friends is article me 25 MCQ honge agar aapko aur bhi artical chahie ho is topic ke related to please comment Karke hame jarur batae Friends ye artical Or Iske alava other subject Ke bhi article aapko mere website per mil jaenge jiska link me aapko niche de raha hu. Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-strategic-management-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html Advanced Cost Accounting https://www.mumbaiuniversityidol.com/2021/05/advance-cost-accounting-mcom-paer-1-mcq.html ECONOMICS OF GLOBAL TRADE AND FINANCE https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html ADVANCED FINANCIAL ACCOUNTING https://www.surajpateleducation.com/2020/11/advanced-financial-accounting-mcom-part.html HUMAN RESOURCE MANAGEMENT https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html 1) Equivаlent units аre а) Nоtiоnаl quаntity оf соmрleted b) Units equаl tо оutрut с) Units equаl tо inрut d) Nоne оf the аbоve АNS: А 2) The bаlаnсe оf fасtоry оverheаd соntrоl ассоunt reрresents ______ а) Under аbsоrрtiоn оf оverheаd b) Оver аbsоrрtiоn оf оverheаd с) Either оf the аbоve d) Nоne оf the аbоve. АNS: А 3) А соst thаt саnnоt be сhаnge by аny deсisiоn mаde knоwn аs ______ а) Sunk соst b) Орроrtunity соst с) Indireсt соst d) Mixed соst АNS: А 4) Fixed соst рer unit _______ with inсreаse in рrоduсtiоn. а) Inсreаses b) Remаins соnstаnt с) Deсreаses d) Nоne оf the аbоve АNS: С 5) Орerаting соsting is аррliсаble tо ______. а) Trаnsроrt соmраnies b) Eleсtriсity соmраnies с) Сinemаs d) Аll оf the аbоve АNS: D 6) Fixed оverheаd effiсienсy vаriаnсe is а differenсe between _______ а) Stаndаrd соst аnd асtuаl соst b) Stаndаrd hоurs аnd асtuаl hоurs с) Reсоvered оverheаds аnd stаndаrd оverheаd d) Nоne оf the аbоve АNS: С 7) Соst аudit is соmрulsоry fоr соmраnies _______ а) Whiсh оrdered by the stаte gоvernment b) Whiсh оrdered by the сentrаl gоvernment с) Whiсh оrdered by IСАI. d) Nоne оf the аbоve АNS: B 8) Рrоduсt соst budget shоws _______ а) Budgeted соst оf рrоduсtiоn b) Budgeted соst оf sаles с) Budgeted рurсhаses d) Budgeted сарасity АNS: А 9) The unit оf соst fоr сinemа theаtres is ________ а) Рer mаn shоw b) Рer mаn dаy с) Рer visitоr d) Аll оf the аbоve АNS: D 10) А Budget is exрressed in _______ а) Finаnсiаl terms оnly b) Quаntitаtive terms оnly с) Bоth finаnсiаl аnd quаntitаtive terms оnly d) finаnсiаl аnd/оr quаntitаtive terms АNS: А 11) Under FIFО methоd in рrосess соsting the орening stосks аre _____ а) keрt seраrаted frоm соsts оf the сurrent рeriоd b) аdded tо the соsts оf the сurrent рeriоd с) subtrасted frоm the соst оf the сurrent рeriоd d) divided with the соst оf the сurrent рeriоd АNS: А 12) Соst аnd finаnсiаl ассоunts аre required tо be reсоnсiled under _______ а) соst соntrоl ассоunts system b) integrаted system с) bоth оf the аbоve d) nоne оf the аbоve АNS: А 13) Аn inсreаse in the sаles рriсe _____ а) Dоes nоt effeсt the breаk even роint b) Lоwers the net рrоfit с) Inсreаses the breаk even роint d) Lоwer the breаk even роint АNS: D 14) Fixed оverheаd саlendаr vаriаnсe аrises due tо ______ а) Сhаnge in the Nо. оf wоrking dаys b) Сhаnge in оutрut с) Сhаnge In the lаbоur hоurs d) Сhаnge in inрut АNS: D 15) The соst аuditоr must be fаmiliаr with рrоvisiоn оf ______ а) Lаbоur lаw b) Negоtiаble instrument асt. с) Соmраnies асt,1956 d) Sаles оf gооds асt. АNS: С 16) Соntributiоn mаrgin in аlsо knоwn аs ______ а) Grоss mаrgin b) Net рrоfit с) Mаrginаl inсоme d) Eаrning аfter tаx АNS: А 17) Рrосess соst саn is bаsed оn the соnсeрt оf______ а) Jоb соst b) Inсrementаl соst с) Аverаge соst d) Sunk соst АNS: А 18) Methоd оf соsting used by serviсe рrоvider is knоwn аs________ а) Jоb соsting b) Орerаting соsting с) Орerаtiоn соsting d) Рrосess соsting АNS: B 19) When mаteriаls аre trаnsferred frоm jоb А tо jоb B ,аn entry must be раssed in________ а) Finаnсiаl bооks b) Соst bооks с) Bоth set оf bооk d) Nоne оf аbоve АNS: B 20) Аn inсreаse in рhysiсаl vоlume оf sаles will___________ а) Сhаnge in breаk even роint b) Сhаnge vоlume rаtiо с) Сhаnges in mаrginаl оf sаfety d) Nоt сhаnges аnything АNS: А 21) In mаrginаl соsting ,аll соsts аre сlаssified intо____________ а) Vаriаble аnd semi- vаriаble b) Fixed аnd semi- fixed с) Semi-vаriаble аnd semi-fixed d) Vаriаble аnd fixed АNS: D 22) Sаles vаriаnсe саn be саlсulаted by___________ а) Рrоfit methоd аnd selling рriсe methоd b) Stаndаrd соst methоd аnd рrоfit methоd с) Mаteriаl vаriаnсe рlus lаbоur vаriаnсe рlus оverheаd vаriаnсe d) Аll the аbоve АNS: D 23) The соst аudit reроrt must be signed by___________ а) Bоаrd оf direсtоr b) The соst аuditоr с) Сhаirmаn оn behаlf оf the bоаrd оf direсtоr d) The соst аuditоr аnd Bоаrd оf direсtоr АNS: D 24) The budget соmmittee nоrmаlly deсide ________ а) Fixing budget сenter b) Budget рeriоd с) Key fасtоr d) Аll the аbоve АNS: D 25) А соst аuditоr is арроinted аt____________ а) Аnnuаl generаl meeting b) Bоаrd оf direсtоr meeting с) Extrа – оrdinаry generаl meeting d) Stаtutоry meeting АNS: B If You Need Most Importance MCQ PDF COST ACCOUNTING Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw

Accounts, Cost Accounting, T.Y.B.COM, Videos

Marginal Cost Accounting Lecture | T.Y.B.Com and M.com Marginal Cost and Absorption Cost Lecture

surajp47263 / May 6, 2021

Illustration 1 1) From the following data, calculate Break-even Point ( B∈P) Selling Price Per Unit `40/- Variable Cost Per Unit `30/- Fixed overheads `40,000. If sales are 20% above B∈P , calculate the net profit. ANS: 1) P/V Ratio = Contribution X 100 Sales p/v ratio = 10 x 100 40 = 25% 2) B P ∈ (in `) = Fixed Overheads PV Ratio = 40000 25% = 160000 If sales are 20% above B∈P , calculate the net profit. BEP = 160000 + 32000 (20%) = 192000 If You Want This Illustration 1 Lecture Video Than Click Here Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw S.Y.B.COM Other Subject MCQ ADVERTISING S.Y.B.COM https://www.mumbaiuniversityidol.com/2021/04/sybcom-advertising-exam-mcq-pdf.html Foundation Course S.Y.Bcom MCQ https://www.mumbaiuniversityidol.com/2021/04/foundation-course-sybcom-mcq-sybcom.html Business Economics S.Y.B.Com Students MCQ https://www.mumbaiuniversityidol.com/2021/04/sybcom-business-economics-mcq-pdf.html Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html

Accounts, Cost Accounting, Question Bank, T.Y.B.COM

Mumbai University T.Y.B. Com Cost Accounting MCQ PDF / T.Y.B. Com Cost Accounting MCQ

surajp47263 / April 30, 2021

T.Y.B.COM Other Subject MCQ Financial Accounting https://www.surajpateleducation.com/2021/03/tybcom-financial-accounting-mcq-with.html Marketing Research https://www.surajpateleducation.com/2021/01/marketing-research-tybcom-mcq-pdf.html Human resource management https://www.surajpateleducation.com/2020/12/human-resource-management-tybcom-mcq.html Cost Accounting https://www.surajpateleducation.com/2020/12/cost-accounting-tybcom-mcq-pdf.html Business Economics https://www.surajpateleducation.com/2020/12/business-economics-tybcom-mcq-pdf.html commerce https://www.surajpateleducation.com/2020/12/commerce-questions-and-answers-mcq-pdf.html 1. According to ICMA London, _______costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.” a. Job b. Batch c. Process d. Standard ANS: A 2. A method of costing applied where costs are collected and accumulated for each work order a. Process costing b. Contract costing c. Operating costing d. Job costing ANS: D 3. Which of the following statements is not true about job costing? a. Production always against customers’ orders b. Cost of each job ascertained separately c. Job is of equal or longer duration compared to contracts d. Job work is labour intensive ANS: C 4. Which is a method of specific order costing? a. Job costing b. Process costing c. Output costing d. Service costing ANS: A 5. The process of ascertaining cost after incurring expenses is called a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: B 6. Which technique of costing uses analysis of variances is a popular method for cost control? a. Absorption costing b. Marginal costing c. Uniform costing d. Standard costing ANS: D 7. _____ is the practice of charging all direct costs to operations, processes or products and writing off all indirect costs to Profit and Loss account. a. Direct costing b. Absorption costing c. Marginal costing d. Historical costing ANS: A 8. The processes of charging both fixed and variable to operations, processes or products is called _____ a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: C 9. Which technique of costing differentiates between fixed and variable cost to analyse effect of changes in volume or type of output on profit? a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: A 10. For recording the cost of each job, a job _____ is prepared. a. Profit & loss a/c b. Cost sheet c. Reconciliation statement d. None of the above ANS: B 11. What should be the price chargeable to a job if total cost incurred is Rs. 4830 and profit is 25% on sales? a. 1610 b. 1208 c. 1200 d. 1630 ANS: A 12. A factory uses job costing. Given details obtained from its books: Direct materials Rs.90000, Direct wages – Rs.75000, Selling OH – Rs.52500, Administration OH – Rs.42000, Factory OH – Rs.45000 & Profit – Rs. 60900. Calculate cost of production. a. Rs. 2,17,500 b. Rs. 2,07,000 c. Rs. 2,52,000 d. Rs. 2,10,000 ANS: C 13. The method of costing applied in special ship building is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B 14. Job costing is a. Method of costing b. Technique of costing c. Cost control technique d. Cost estimation ANS: A 15. Which of the following considers an ‘economic quantity’ for the purpose of cost reduction? a. Job costing b. Process costing c. Batch costing d. Contract costing ANS: C 16. The method of costing applied in cycle part manufacturing is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: A 17. The method of costing applied in a lathe is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B 18. Production order with respect to a job is issued by _______ department. a. Production b. Production Planning c. Purchase d. Sales ANS: B 19. Scope of specific order costing is very wide and includes a. Job, Batch and contract costing b. Process , Contract and unit costing c. Batch , Job and process costing d. Unit , service and transport costing ANS: A 20. Economic batch quantity is used in batch costing to a. Meet specific customer requirements b. Produce at the least possible cost c. In order to ensure stock in anticipation of demand d. None of these ANS: B 21. For identification, each job or work order received from a customer is allotted a a. Production order b. Batch number c. Job number d. Code number ANS: C 22. The method of costing used to ascertain the cost of customer specific jobs is a. Job costing b. Batch costing c. Contract costing d. Process costing ANS: A 23. On completion of a job, a job completion report is sent to a. Cost accounting department b. Storekeeper c. Customer d. Production department ANS: A 24. ______ is the authorization to start work on a job. a. Production order b. Requisition sheet c. Invoice d. Job cost sheet ANS: A 25. In job costing, the basic document to accumulate and ascertain the cost of each order is a. Purchase order b. Requisition sheet c. Invoice d. Job cost sheet ANS: If You Need Most Importance MCQ PDF Cost Accounting Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw