(A) Cost unit
(B) Cost centre
(C) Investment centre
(D) Sales centre
Category: Accounting Mcqs
Users will find here Accounting Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer Commerce and all other types of Commerce related, Competitive Exams and Interviews. Commerce students can prepare their Accounting Portion for all test from here.
Management Accounting seeks to serve the purpose of management to run a business more efficiently and thus uses the techniques of :
(A) Financial Accounting ;
(B) Cost Accounting
(C) Mathematics and Statistics
(D) All of the above
Cost information facilitates many important decisions except:
(A) Introduction of a product
(B) Whether to make or buy
(C) Retention of profit
(D) Exploration of an additional market
A cost is:
(A) A sacrifice
(B) Release of something
(C) Measure of consumption of resources
(D) All of the above
Which of the following is not a function of Cost Accounting ?
(A) Cost ascertainment
(B) Planning and control
(C) Decision-making
(D) External reporting
Productivity means:
(A) The ability to produce
(B) All units produced
(C) Good units produced
(D) None of these
A segment of the business that generates both revenue and cost is called:
(A) Profit Center
(B) Cost Center
(C) Cost driver
(D) All of these
Process Cost is very much applicable in:
(A) Construction Industry
(B) Pharmaceutical Industry
(C) Air line company
(D) None of these