Accounting For Managers

161. Which does not comes under the head of asset:

1. Fixed asset
2. Investment
3. Current asset
4. Owners equity

View answer

162. The word accounting can be classified in to:

1. Financial accounting and management accounting
2. Financial accounting and cost accounting
3. Financial accounting, management accounting and cost accounting
4. Cannot be classified

View answer

163. The work of a book keeper is ______________ in nature.

1. Analytical
2. Clerical
3. Executive
4. Non – executive

View answer

164. 206. Which of the following is true for: – "In accounts recording is done of_ _ _ _ _"

1. only financial transaction
2. only non- financial transaction
3. Both
4. Personal transaction of Proprietor

View answer

165. Salary is one of the ______________ expenses

1. Capital
2. Revenue
3. Direct
4. Non – cash

View answer

166. A company's telephone bill consisting of a Rs.200 monthly base amount, plus long distance charges, would be classified as a:

1. Variable cost
2. Committed fixed cost
3. Direct cost
4. Semi variable cost

View answer

167. The practice of appending notes regarding contingent liabilities in accounting statement is pursuant of

1. Convention of consistency
2. Money measurement concept
3. Convention of conservatism
4. Convention of disclosure

View answer

168. In manufacturing a product, prime costs are:

1. Raw materials and manufacturing overhead
2. Indirect materials and manufacturing overhead
3. Indirect labour and manufacturing overhead
4. Direct materials and direct labour

View answer

169. Because of automation, which component of product cost is declining?

1. Direct labour
2. Direct materials
3. Manufacturing overhead
4. Advertising

View answer

170. Salary paid to factory manager is an item of:

1. Prime Cost
2. Factory Overhead
3. Selling overhead
4. Office overhead

View answer