T.Y.B.com Semester Pattern
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In a non-integrated system of accounting, the emphasis is on,
Anonymous Quiz
23%
Personal accounts
23%
Real accounts
23%
Nominal accounts
31%
All of these
Cost and financial accounts are required to be reconciled under
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16%
Integral system
48%
Cost control accounts system
33%
Under both (a) and (b)
3%
None of these
Which of the following accounts makes the cost ledger self-balancing?
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6%
Overhead adjustment account
50%
Costing P&L account
33%
Cost ledger control account
11%
None of the above
A document which is a classified record of material issues, returns and transfers
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25%
Materials Requisition Note
31%
Materials Return Note
22%
Materials Transfer Note
22%
Materials Issue Analysis Sheet
1. The most important element of cost is _____.
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47%
a. Material
22%
b. Overheads
11%
c. Labour
20%
d. Chargeable Exp.
2. Request to the supplier to supply material is an _____.
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23%
a. re-order
55%
b. Purchase Order
17%
c. Sale invoice
6%
d. Maximum Level
3. _____ _____ are fixed to control inventory.
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17%
a. Maximum Level
21%
b. Minimum Level
18%
c. Re-Order Level
44%
d. Inventory Levels
4. _____ _____ indicates maximum stock to be maintained.
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45%
a. Maximum Level
15%
b. Minimum Level
22%
c. Re-Order Level
18%
d. Danger Level
5. Economical size of order is called as _____.
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44%
a. Production
47%
b. EOQ
5%
a. Overheads
5%
d. Labour