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Multiple Choice Questions: Cost of Material & Services Purchased From Outside
Multiple Choice Questions: Cost of Material & Services Purchased From Outside
4. The concept of value added is being used for a long time measuring in
a) State Income
b) National Income
c) Both a & b
d) District Income
e) None of the above
5. Which of the following methods involves stating the brand value at its
cost of the company?
a) cost Method
b) value added Method
c) Earning valuation Method
d) Hybrid Method
13. Value added statement is formed on the basis of general concepts like
a) Going concern concept
b) Matching concept
c) Consistency concept
d) All the Above
14.Inflation is the over all upward movement prices of goods & services
which is measured by
a) Price
b) Consumer price
c) Consumer price & producer price index
d) Producer price index
e) None of the above
17. Which of the following will be more accurate & closer to its intrinsic
value
a) Financial statement
b) Value of Assets
c) Actual Profits
d) Fixed Assets
e) None of the above
23.In which statement all revenues , income cost of materials & other extra
ordinary expenses are shown
a) Inflation accounting
b) Value Added Statement
c) Brand valuation
d) Value Added Ratios
e) Gross value Added
29. This value added is arrived at by deducting from sales revenue & direct
income
a) Net Value Added
b) Gross value Added
c) Value Added Ratios
d) Value Added statement
e) Interpretation of Value Added statement