Question # 1

Cost which cannot be conveniently identified with individual cost unit is called

Choose an answer

Direct material cost

Indirect material cost

Indirect labour cost

Caring cost

According to possible for an event or transaction which is not measurable in terms of money

Choose an answer

True

False

May be

None

Cash or goods taken away by owner for personal use from business are known as:

Choose an answer

Capital

Drawings

Revenue

Expense

Depreciation is a loss due to wear and tear of an asset.

Choose an answer

Correct

Incorrent

May be

None

From the following statements which one is not true about over applied F.o.H

Choose an answer

Less from cost of goods sold at normal

Less from entire production if required

Add in gross profit if required

Less from Net profit.

What is negotiable instrument?

Choose an answer

A document which is not transferable

A document which is transferable

A document which is accepted

None

Which one of the following is not a negotiable instrument?

Choose an answer

Cheque

Promissory note

Bill of exchange

None of the above

The cost flow must watch the

Choose an answer

Output

Outflow

Inflow

Workflow

Which one is not include in factory overhead?

Choose an answer

Power hear & light

Indirect labour cost

Depreciation of plant

Salary of accountant

The primary objective of cost accounting is to

Choose an answer

Control cost

Calculate profit

Avoid cost

All of above

More Classes

Other Links

NAT II Management Science Finance & Accounting MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer