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Multiple Choice Question & Answer

YB WEB DESK. Dated: 9/27/2021 1:37:29 PM

Questions and Answers on Financial Accounting
1- _____________ is the summary of all functional
budget.
(A). Cash budget
(B). Flexible budget
(C). Sales budget
(D). Master budget
2- VED analysis stands for –
(A). Vital, Essential and Desirable Analysis
(B). Virtual, Economic and Desired Analysis
(C). Vital, Economic and Decision Making Analysis
(D). Virtual, Essential and Desirable Analysis
3- Power cost is apportioned on the basis of
_____________.
(A). Kilowatt Hours
(B). Machine Hours
(C). Lighting Hours
(D). Power Hour
4- Which of the following arises from “Cash from
operating activity”?
(A). Borrowing from outside sources
(B). Cash from business activities and changes in
current assets and liabilities
(C). Cash from purchase and sale of Fixed assets
(D). Cash from issue and redemption of shares
and debentures
5- ______________stock is not at all in use for a
significant period of time.
(A). Obsolete
(B). Slow Moving
(C). Dormant
(D). Outdated
6 - Ang le of In c ide nt is ang le bet w een
_______________.
(A). Sales and Variable cost lines
(B). Fixed cost line and Variable cost lines
(C). Sales and Total cost lines
(D). Fixed cost lines and Total cost lines
7- Purchase of Machinery is:
(A). Financial activity
(B). Investing activity
(C). Operating activity
(D). Operational activity
8- Halysey plan provides for _____________ of
time saved as Bonus.
(A). 100%
(B). 80%
(C). 75%
(D). 50%
9- Idle Time Variance represents the cost of
___________ wastage of time.
(A). normal
(B). abnormal
(C). idle
(D). national
10- ___________ takes into account of total cost.
(A). Variable cost
(B). Fixed cost
(C). Work cost
(D). Absorption cost
AnswErs:
1-(d), 2-(A), 3-(A), 4-(B), 5-(c), 6-(c), 7-(B), 8-(d),
9-(B), 10-(d)