Cost Accounting

Economics cannot be considered a perfect science because

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Question:

Economics cannot be considered a perfect science because

A.

Human behaviour is unpredictable

B.

It is difficult to make correct prediction of economic variables

C.

Economist do not have common opinion about a particular economic event

D.

All the three

Answer» d. All the three

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

Where a company issues shares with differential right, the _____ should be maintainedunder Section 88 of Companies Act, 2013.

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Question:

Where a company issues shares with differential right, the _____ should be maintainedunder Section 88 of Companies Act, 2013.

A.

List of share-holders

B.

Register of shares

C.

Register of Members

D.

List of shares

Answer» c. Register of Members

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

The time horizon selected for forecasting depends on:

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Question:

The time horizon selected for forecasting depends on:

A.

The salability of the product

B.

The selling capacity of Salesman

C.

Purpose for which forecast is made

D.

Time required for production cycle

Answer» c. Purpose for which forecast is made

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

Under Payment of Bonus Act, 1965, in disputed cases, bonus must be paid

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Question:

Under Payment of Bonus Act, 1965, in disputed cases, bonus must be paid

A.

Within 8 months from the close of the accounting year.

B.

Within 1 month from the date on which the award becomes enforceable.

C.

Within 2 months from the date on which the award becomes enforceable.

D.

Within 6 months from the date of closing of the accounting year.

Answer» b. Within 1 month from the date on which the award becomes enforceable.

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

Which of the following is not to be taken care while admitting a new partner?

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Question:

Which of the following is not to be taken care while admitting a new partner?

A.

Computation of newprofit sharing ratio and sacrifice ratio

B.

Accounting treatment of goodwill

C.

Professional qualification of admitting partner

D.

Revaluation of assets and liabilities

Answer» c. Professional qualification of admitting partner

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

When an instrument is drawn conditionally or for a special purpose as a collateral security and not for the purpose of transferring property therein, it is called

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Question:

When an instrument is drawn conditionally or for a special purpose as a collateral security and not for the purpose of transferring property therein, it is called

A.

Ambiguous

B.

Inchoate

C.

Escrow

D.

Inland

Answer» c. Escrow

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