Q1041
Open questionWhich is the best measurement by the centre's for the contribution of a profit centre to the overall profitability of the business in the long-run?
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Commerce · all questionsCosting
Costing
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Q1042
Open questionWhen actual loss is . . . . . . . . than the estimated loss, the difference between the two is considered to be abnormal loss.
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Q1043
Open questionWhat is a serious limitation of financial ratio?
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Q1044
Open questionThe sum of factory cost/work cost and administrative overheads is called
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Q1045
Open questionIn inter process profits, the output of one process is transferred from one process to another not at . . . . . . . . but at . . . . . . . .
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Q1046
Open questionHalsey premium plan is based on
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Q1047
Open questionFixed Cost ± Profit or Loss = . . . . . . . .
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Q1048
Open question. . . . . . . . Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.
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Q1049
Open questionIf provision for taxation is treated as a current liability, then payment of tax is
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Q1050
Open questionBasis of apportionment of stores service expenses is . . . . . . . .
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Q1051
Open questionContract costing is not used in one of the following industries:
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Q1052
Open questionThe ordinary trading account is a locked storehouse of most valuable information to which cost system is the . . . . . . . .
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Q1053
Open questionMaterial losses due to abnormal reasons should be transferred to . . . . . . . . . .
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Q1054
Open questionVolume variance arises because of:
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Q1055
Open questionWhich of the following is usually as long-term budget?
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Q1056
Open questionWhich inventory costing method is based on the assumption that costs should be charged against revenue in the order, in which they were incurred?
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Q1057
Open questionAccounting information given by a company is
Total assets turnover = 3 times
Net profit margin = 10%
Total assets = Rs. 1,00,000
The net profit is
Total assets turnover = 3 times
Net profit margin = 10%
Total assets = Rs. 1,00,000
The net profit is
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Q1058
Open questionService costing is not used in one of the following:
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Q1059
Open questionMatch the following.
| List-I | List-II |
| a. Short-term | 1. . . . . . . . . is a financing activity. |
| b. Current liabilities | 2. Cash flow statement is useful for . . . . . . . . financial planning. |
| c. Amount of creditors | 3. Increase in . . . . . . . . is a source of cash. |
| d. Payment of dividends | 4. Increase in the . . . . . . . . results in increase in cash. |
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Q1060
Open questionA favourable variance will arise when capital revenues are . . . . . . . . than expected.
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