Cost Accounting

The time limit for making bonus payment is-

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Question:

The time limit for making bonus payment is-

A.

Within a period of one month from the close of the accounting year

B.

Within a period of three months from the close of the accounting year

C.

Within a period of six months from the close of the accounting year

D.

Within a period of eight months from the close of the accounting year.

Answer» d. Within a period of eight months from the close of the accounting year.

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Out of the following factors that are affecting Capacity Planning, which one is LessControllable one?

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Question:

Out of the following factors that are affecting Capacity Planning, which one is LessControllable one?

A.

Machine break-downs

B.

Amount of labour employed

C.

Facilities installed

D.

Shifts of work per day

Answer» a. Machine break-downs

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Ankit purchased goods worth ` 20,000 from Anuj. In lieu of cash payment, Ankit accepted a bill of exchange of ` 20,000 to be payable after three months. This is an example of

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Question:

Ankit purchased goods worth ` 20,000 from Anuj. In lieu of cash payment, Ankit accepted a bill of exchange of ` 20,000 to be payable after three months. This is an example of

A.

Accommodation Bill

B.

Fictitious Bill

C.

Genuine Bill

D.

Documentary Bill

Answer» c. Genuine Bill

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

A read garment factory pays `100 for suit length and `5 for cotton thread purchased and `50 to thelabour for stitching the suit which he sells in the market for `750. His contribution to GDP is

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Question:

A read garment factory pays `100 for suit length and `5 for cotton thread purchased and `50 to thelabour for stitching the suit which he sells in the market for `750. His contribution to GDP is

A.

`595

B.

`750

C.

`600

D.

`400

Answer» b. `750

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In Production by disintegration the material undergoes:

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Question:

In Production by disintegration the material undergoes:

A.

Change in economic value only

B.

Change in physical and chemical characteristics

C.

Change in technology only

D.

None of the above.

Answer» b. Change in physical and chemical characteristics

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In route sheet or operation layout, one has to show

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Question:

In route sheet or operation layout, one has to show

A.

A list of materials to be used.

B.

A list of machine tools to be used.

C.

Every work center and the operation to be done at that work center.

D.

The cost of product.

Answer» c. Every work center and the operation to be done at that work center.

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In case of banker’s refusal to honour the cheque inspite of sufficient funds incustomer’s account, the banker is

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Question:

In case of banker’s refusal to honour the cheque inspite of sufficient funds incustomer’s account, the banker is

A.

liable to compensate the drawer.

B.

not liable to compensate the drawer .

C.

criminally liable under section 138.

D.

liable to be delisted.

Answer» a. liable to compensate the drawer.

Note: The above multiple-choice question is for all general and Competitive Exams in India.