(A) Two
(B) Three
(C) Four
(D) Five
Tag: Accounting Mcqs
In cost accounting, unavoidable loss is charged to which of the following?
(A) Factory over head control account
(B) Work in process control account
(C) Marketing overhead control account
(D) Administration overhead control account
Which of the following statement is TRUE about historical cost?
(A) It is always relevant to decision making
(B) It is always irrelevant to decision making
(C) It is always an opportunity cost
(D) It is always realizable value
n decision making all costs already incurred in past should always be:
(A) Ignored
(B) Considered
(C) Partially ignored
(D) Partially considered
Which of the following statement is TRUE about the relevant cost?
(A) It is a sunk cost
(B) It is an opportunity cost
(C) It do not affect the decision making process
(D) All costs are relevant
All of the following are features of a relevant cost EXCEPT?
(A) They affect the future cost
(B) They cause an increment in cost
(C) Relevant cost is a sunk cost
(D) They affect the future cash flows
Which of the following would NOT lead to an increase in net cash flow?
(A) Larger sales volume
(B) Higher selling price
(C) Reduced material cost
(D) Charging of lower depreciation
Which of the following would be considered to be an investment centre?
(A) Managers have control over marketing
(B) Managers have a sales team
(C) Managers have a sales team and are given a credit control function
(D) Managers can purchase capital assets and are given a credit control function