LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Question Select the entries which need to be rectified :-

Correct Answer Purchase A/c ......... Dr. to Damodar's A/c (Being furniture
purchased from Damodar) , Gopal's A/c ........... Dr. to cash A/c
(Being entry for payment of railway freight for goods purchased)
, Cash A/c ............Dr. to Suresh's A/c (Being cash received from
Suresh for goods sold to him for)
Your Answer Purchase A/c ......... Dr. to Damodar's A/c (Being furniture
purchased from Damodar) , Gopal's A/c ........... Dr. to cash A/c
(Being entry for payment of railway freight for goods purchased)

True/False
Question Price based on Uniform Costing may be taken to be reliable and
representative of the whole industry.
Correct Answer True

Your Answer True

Select The Blank

Question The ________ is of immense help in guiding the companies to
operate their accounts on uniform basis.
Correct Answer Uniform cost manual

Your Answer Uniform cost manual

Select The Blank

Question Interest on ________ is credited to Capital account.

Correct Answer Capital

Your Answer Capital

Multiple Choice Multiple Answer

Question Which of the following aspects are mainly responsible for
difficulty in application of Uniform costing system?
Correct Answer Capital investment , Plant size , Location

Your Answer Capital investment , Plant size , Location

Select The Blank

Question Purchase day book for the month of April was under cast by
Rs.1000/- ________ account should be credited.
Correct Answer Suspense

Your Answer Suspense

True/False
Question Budgetary control system provides a basis for establishment of
the incentive systems.
Correct Answer True