Q.47 AIS stands for:Ans A. Accounting Identification SystemB. Accounting Information SystemC. Automatic Information SystemD. American Information SystemCorrect Ans Provided: B
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Q.67 ABC Ltd. purchased debentures of ₹10 lakhs of XYZ Ltd., redeemable in 3 months. As per AS-3, under what head will it be shown while preparing the Cash Flow Statement?Ans A. Cash flow from Financing ActivitiesB. Cash ...
Q.73 Which of the following statements is/are true or false? (i) Cost accounting system should be tailor-made, practical, simple and capable of meeting the requirements of a business concern.(ii) A well-established costing system should provide all relevant information ...
Q.52 Calculate the P/V ratio from the following particulars: YEAR-1Sales: ₹1,50,000Total cost: ₹1,20,000 YEAR-2Sales: ₹70,000Total cost: ₹80,000Ans A. 30%B. 25%C. 40%D. 50%Correct Ans Provided: D
Q.18 Income of Prasar Bharati (Broadcasting Corporation of India) is:Ans A. exempt from taxB. subject to tax at the rate of 10%C. subject to tax at the rate of 30%D. subject to tax at the rate of 5%Correct ...
Q.21 Which of the following is NOT a tax free perquisite?Ans A. Transport facilityB. Concession in rentC. TelephoneD. Subsidised lunchCorrect Ans Provided: B
Q.66 The process of gathering, recording and analysing financial and accounting figures to provide information to all stakeholders is known as:Ans A. Management Accounting MethodB. Corporate Accounting SystemC. Financial Accounting ProcessD. Accounting Information SystemCorrect Ans Provided: C
Q.40 A machinery costing ₹10 lakhs has a useful life for 5 years. Its scrap value is ₹1 lakh at the end of 5 years. If the straight line method is considered, how much depreciation should be charged ...
Q.86 The cost incurred for rent paid in the current period is an example of ______ cost.Ans A. both expired and unexpiredB. unexpiredC. directD. expiredCorrect Ans Provided: D
Q.31 From the following particulars, calculate the residual income. Sales = ₹5,00,000Variable costs = ₹3,00,000Fixed costs (controllable by divisional head) = ₹1,00,000Imputed interest on investment = ₹50,000Ans A. ₹50,000B. ₹1,00,000C. ₹80,000D. NilCorrect Ans Provided: A
