NTA-UGC-JRF/NET Commerce
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Which of the following is not a method of overheads absorption โ€“ (a) Percentage of direct material cost
(b) Machine hour rate
(c) Repeated distribution method (d) Labour hour rate.
Anonymous Quiz
26%
a
15%
b
46%
c
13%
d
Interest coverage ratio is obtained by dividing EBIT by โ€“
(a) Interest (b) Tax
(c) Income (d) Sales.
Anonymous Quiz
48%
a
17%
b
16%
c
19%
d
A technique where standardized principles and methods of cost accounting are employed by
a number a number of different companies is termed as โ€“ (a) Uniform costing
(b) Absorption costing (c) Standard costing (d) ABC costing.
Anonymous Quiz
19%
a
19%
b
44%
c
18%
d
The prime function of management accounting is to โ€“
(a) Record business transactions
(b) Interpret financial data (c) Assist the management in performing its functions effectively (d) Assist tax authorities.
Anonymous Quiz
17%
a
23%
b
54%
c
6%
d
Multiple costing is followed in โ€“ (a) Biscuit factory
(b) Steel industry
(c) Brick making (d) Cycle manufacturing.
Anonymous Quiz
16%
a
25%
b
16%
c
44%
d
Statement-I
Sunk cost is one that has already been incurred and cannot be avoided by decisions in the future.
Statement-II For decision making, it is required that such cost should be incurred. Select the correct answer from the options given below โ€“
Anonymous Quiz
38%
(a) Both statements are correct
17%
(b) Both statements are incorrect
23%
(c) Statement-I is incorrect, but Statement-II is correct
22%
(d) Statement-I is correct, but Statement-II is incorrect
Which section of me Companies Act, 2013 deals with audit of cost accounting records โ€“ (a) Section 158
(b) Section 148
(c) Section 168 (d) Section 139.
Anonymous Quiz
14%
a
40%
b
28%
c
19%
d
Rent, rates and insurance of factory and office are examples of โ€“ (a) Direct expenses
(b) Indirect expenses
(c) Notional expenses (d) Miscellaneous expenses.
Anonymous Quiz
35%
a
44%
b
10%
c
11%
d
According to Chartered Institute of Management Accountants (CIMA), cost attribution to cost units on the basis of benefits received from indirect activities e.g. ordering, setting-up, assuring quality is known as โ€“
Anonymous Quiz
22%
Absorption costing
28%
Marginal costing
38%
Activity based costing
11%
Job costing
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6 Months Learning Starting From Jan 2nd

Those who are Interested To Join Can DM Me @Dr_Prof_Ash

๐ŸฎLimited Seats is 50๐Ÿฎ

๐Ÿ”–10 Members Paid๐Ÿ”–

So 40 Seats Left Out!!

๐ŸฎLast Day Of The Payment Is Dec 31st๐Ÿฎ

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Which of the following is not an assertion about account balances
a) Completeness
b) Accuracy c) Allocation and Valuation d) Existence
Anonymous Quiz
10%
a
17%
b
28%
c
44%
d
Valuation of inventory is dealt by the Auditor in
a) SA 501
b) CARO 2016 c) Both of the above d) None of the above
Anonymous Quiz
18%
a
15%
b
58%
c
9%
d