Tuesday 10 July 2012

SCDL Production And Operations Paper and SCDL Solved Papers 2012

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Saturday 7 July 2012

scdl management accounting latest papers and assignment download 2012

SCDL MANAGEMENT ACCOUNTING PAPERS AND ASSIGNMENT DOWNLOAD



 Multiple Choice Single Answer
  Question  
Fixed deposit bearing interest @ 5.50%, for Rs.10,000/- was kept with Bank of India on 1st June, 2003, for a period of one year. The type of the fixed deposit is cumulative, i.e. interest shall be received only on maturity. What treatment should be given in the books of accounts on 31st March, 2004, the year ending date?
  Correct Answer  
An entry for Rs.458.34, debiting interest accrued but not due account should be passed
  Your Answer  
An entry for Rs.458.34, crediting interest accrued but not due account should be passed

 
True/False
  Question  
A business is an activity carried out with the intention of earning the profit.
  Correct Answer  
True
  Your Answer  
True


 True/False
  Question  
Balance sheet indicates the financial status of the business at given period.
  Correct Answer  
True
  Your Answer  
True


 True/False
  Question  
Accounting refers to the process of analyzing & interpreting the information already recorded in the books of accounts.
  Correct Answer  
True
  Your Answer  
False


 True/False
  Question  
Accounting is an art of recording, classifying & summarizing in a significant manner.
  Correct Answer  
True
  Your Answer  
True


 True/False
  Question  
Financial accounting may deal with the ascertainment of cost & calculation of profitability of the individual product.
  Correct Answer  
False
  Your Answer  
False


 True/False
  Question  
The reports generated by financial accounting are meant for the use by management for effective decisions.
  Correct Answer  
True
  Your Answer  
True


 Multiple Choice Multiple Answer
  Question  
Cost Accounting ______________.
  Correct Answer  
Concerned with specific activities. , Classified according to their nature. , It deals with both i.e. past & present.
  Your Answer  
Concerned with specific activities. , Classified according to their nature. , It covers whole business


 Multiple Choice Multiple Answer
  Question  
Management Accounting __________________.
  Correct Answer  
Designed particularly for internal use only. , Looks forward in estimating the future along with past period. , This furnishes the necessary information to management.
  Your Answer  
Designed particularly for internal use only. , Looks forward in estimating the future along with past period. , This furnishes the necessary information to management. , Only a, b, c.


 Multiple Choice Multiple Answer
  Question  
Accounting is the art of ______________,____________ and ____________ in a significant manner and in terms of money transactions and events which are of a financial character and interpreting the res
  Correct Answer  
Summarizing , Classifying , Recording
  Your Answer  
Summarizing , Classifying , Recording


 Multiple Choice Multiple Answer
  Question  
The process of accounting has three streams of accounting ---------------,--------and ----------------------.
  Correct Answer  
Financial Accounting , Cost Accounting , Management Accounting
  Your Answer  
Financial Accounting , Cost Accounting , Management Accounting


 Match The Following
Question
Correct Answer
Your Answer
Personal A/C
Debit the receiver, Credit the giver
Debit the receiver, Credit the giver
Real A/C
Debit what comes in, Credit what goes out
Debit what comes in, Credit what goes out
Nominal A/C
Debit all the expenses, Credit all the incomes
Debit all the expenses, Credit all the incomes
Tangible assets
Building, Machinery
Building, Machinery
In tangible assets
Patents, Trade marks
Patents, Trade marks


 True/False
  Question  
Credit note is an intimation send to person dealing with the business that his account being debited for the purpose indicated therein.
  Correct Answer  
False
  Your Answer  
True


 True/False
  Question  
Amount invested in purchasing Fixed Asset is a revenue expenditure.
  Correct Answer  
False
  Your Answer  
False


 True/False
  Question  
As per double entry system o accounting , total of all debits should be equal to all credits.
  Correct Answer  
True
  Your Answer  
True


 Multiple Choice Multiple Answer
  Question  
Convention of Consistency Materiality ________________
  Correct Answer  
The accounting policies & procedures should follow consistently on period to period , It facilitates the comparison of financial statements on period to period , If any change the fact should be disclosed with its effects on profitability
  Your Answer  
The accounting policies & procedures should follow consistently on period to period , It facilitates the comparison of financial statements on period to period , If any change the fact should be disclosed with its effects on profitability


 Multiple Choice Multiple Answer
  Question  
Cash and---------------are the two systems of accounting.
  Correct Answer  
Mercantile
  Your Answer  
Mercantile


 Multiple Choice Single Answer
  Question  
The opening balance of cash account is Rs. 25,000, cash received from debtors Rs. 30,000, sold goods amounted to Rs. 50,000, paid to creditors Rs. 20,000, purchase furniture Rs. 5000. What is the clos
  Correct Answer  
80,000
  Your Answer  
80,000


 Multiple Choice Single Answer
  Question  
Bank Reconciliation statement is required in case of
  Correct Answer  
difference between the bank balance as per the bank book and as per pass book
  Your Answer  
difference between the bank balance as per the bank book and as per pass book


 Match The Following
Question
Correct Answer
Your Answer
Error of Principle
Trial Balance does not get affected
Wrong Posting
Error of Omission
The transaction is totally omitted
The transaction is totally omitted
Error of commission
Wrong Posting
Wrong classification
Compensating Error
Wrong classification
Trial Balance does not get affected
Difference in trial balance
Transferred to suspense account
Transferred to suspense account


 Multiple Choice Multiple Answer
  Question  
Direct Cost includes
  Correct Answer  
Direct material , Direct labour , Direct expenses
  Your Answer  
Direct material , Direct labour , Direct expenses


 Multiple Choice Single Answer
  Question  
Labour cost indicates that labour cost which cannot be identified with the individual cost centre and is incurred for those employees who are not engaged in the manufacturing process but only assist i
  Correct Answer  
Remuneration
  Your Answer  
Indirect


 Multiple Choice Multiple Answer
  Question  
The Prime Cost includes the aggregate of
  Correct Answer  
Direct Material Cost , Direct Labour Cost , Direct Expenses
  Your Answer  
Direct Material Cost , Direct Labour Cost , Direct Expenses


 Multiple Choice Multiple Answer
  Question  
From the following particulars what must appear in purchase requisition
  Correct Answer  
Material to be purchased should be cleanly specified , Material should purchase whenever the market for the same is favorable , Purchase requisition should state the quantity of material required.
  Your Answer  
Material to be purchased should be cleanly specified , Purchase requisition should state the quantity of material required.


 Multiple Choice Multiple Answer
  Question  
Following points are taking into consideration for evaluation of receipts
  Correct Answer  
The Price , The trade discount is to be deducted , Other amounts such as sales tax, excise duty, octroi duty
  Your Answer  
The Price , The trade discount is to be deducted , Other amounts such as sales tax, excise duty, octroi duty


 Multiple Choice Multiple Answer
  Question  
While fixing the maximum level following factors are considered
  Correct Answer  
Maximum usage , Storage facilities , Availability of funds
  Your Answer  
Maximum usage , Rate of consumption


 True/False
  Question  
Fixed cost tends to vary with time rather than with level of activity.
  Correct Answer  
True
  Your Answer  
True


 True/False
  Question  
To take make or buy decision under the marginal costing , if purchase price of the product is less than its variable cost it is advisable to go for manufacturing proposition.
  Correct Answer  
False
  Your Answer  
False


 Multiple Choice Single Answer
  Question  
Find out the break even point and profit if sales are Rs. 50,00,000 and P/V Ratio is 50% and margin of safety is 40%
  Correct Answer  
Rs.30,00,000 and Rs.10,00,000
  Your Answer  
Rs.30,00,000 and Rs.10,00,000


 True/False
  Question  
For better control, variances of a period may be compare with the previous period.
  Correct Answer  
True
  Your Answer  
True


 True/False
  Question  
Expected standards are more realistic and useful for cost control.
  Correct Answer  
True
  Your Answer  
True


 True/False
  Question  
The difference between standard cost and actual cost is termed as Variance.
  Correct Answer  
True
  Your Answer  
True


 Multiple Choice Multiple Answer
  Question  
For reporting of variance, following propositions should be considered
  Correct Answer  
Responsibility of each individual should be defined , Reporting should be simple, clear and quick , Analysis of variance should be accurate.
  Your Answer  
Responsibility of each individual should be defined , Reporting should be simple, clear and quick , Analysis of variance should be accurate.


 Multiple Choice Multiple Answer
  Question  
Basic three steps in Standard Costing are
  Correct Answer  
Setting standards , Comparing actuals with standards , Measurement of variance
  Your Answer  
Setting standards , Comparing actuals with standards , Measurement of variance


 Multiple Choice Single Answer
  Question  
Find out Labour Efficiency Variance, if Standard Rate is Rs.1.50/- per hour, Standard hours are 12,000 and Actual hours are 12,600.
  Correct Answer  
Rs.900/- ( Adverse )
  Your Answer  
Rs.900/- ( Adverse )


 Multiple Choice Single Answer
  Question  
Standard costs are the targets to be attained by the actual performance.
  Correct Answer  
Minimum
  Your Answer  
Minimum


 Multiple Choice Single Answer
  Question  
Standard Costs are used as tool for
  Correct Answer  
Cost Control
  Your Answer  
Cost Control


 Select The Blank
  Question  
Accounting to the matching principles of accounting, the ________ incurred during an accounting period are required to be match with ________ during that period
  Correct Answer  
cost
  Your Answer  
cost
  Correct Answer  
revenues
  Your Answer  
revenues


 Select The Blank
  Question  
Along with financial accounting, ________ and ________ are the other streams of accounting
  Correct Answer  
Cost Accounting
  Your Answer  
Management Accounting
  Correct Answer  
Management Accounting
  Your Answer  
Cost Accounting


 Select The Blank
  Question  
If the revenue expenditure is treated as ________ expenditure , it will not affect the agreement of ________ balance
  Correct Answer  
capital
  Your Answer  
capital
  Correct Answer  
trial
  Your Answer  
trial


Select The Blank
  Question  
While selecting source of supply ________ epartment may call for the ________ from the prospective suppliers
  Correct Answer  
purchase
  Your Answer  
purchase
  Correct Answer  
quotation
  Your Answer  
quotation


 Select The Blank
  Question  
After material is received from the supplier, quantity actually received is compared with quantity ________-and ________-if any, are taken up with the supplier
  Correct Answer  
ordered
  Your Answer  
ordered
  Correct Answer  
variation
  Your Answer  
variation


 Select The Blank
  Question  
Under the daily ________ sheets method, each worker is provided with a daily time sheet on which time ________ by him on various jobs is expected to be mentioned
  Correct Answer  
time
  Your Answer  
work
  Correct Answer  
spent
  Your Answer  
spent


 Select The Blank
  Question  
4.Under the differential time rate method the wages are paid at Rs. 1.50 per hour between ________ efficiency and Rs.1.25 per hour between ________ efficiency
  Correct Answer  
101% to 125 %
  Your Answer  
90-100
  Correct Answer  
80% to90%
  Your Answer  
101% to 125 %


 Select The Blank
  Question  
Under Gannt Task bonus system where the output is ________ payment is made as per minimum time rate, output is ________ payment is made as per time wages plus some increase in wage rates
  Correct Answer  
below standard
  Your Answer  
below standard
  Correct Answer  
at standard
  Your Answer  
at standard


 Select The Blank
  Question  
________ and ________ are examples of element wise classification ofoverhead costs
  Correct Answer  
Idirect material
  Your Answer  
Idirect material
  Correct Answer  
indirect labour
  Your Answer  
selling overheads