SCDL

Program Name: PGDBA

Subject: Management Accounting
Assessment Name: MA - Exam
Weightage: 70
Total Marks: 70
Duration: 60 mins

Instructions (Start of Assessment):

Marks: 70

Time: 60 Minutes i.e. 1 Hour

No Negative Marking

Breaks are not allowed

1) In the journal , account to be debited starts from extreme left and 'Dr' is written to the extreme right on the
same line.
(2)
1] True
2] False

2) Match the Following

(4)
1] Outstanding 1] The amount of expenses belongs to relevant period which are not paid during
expenses the said period.
2] Prepaid expenses 2] The amount of expenses belongs to the next period which are paid in advance
3] Accrued income during the relevant period
4] Income received in 3] The amount of income for the current period which is not received during it.
advance 4] The amount of income for the next period received during the current period.
5] Last year, current year, next year consolidated expenses
6] Sum of last year, current year, next year's income.

3) After receiving the tenders,:BLANK should be made, so that best possible source can be selected.
(2)
1] Payment to the available sources.

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2] Comparison among the various available sources.

3] Various tests of the available sources
4] Standard form of purchase

4) In case of remuneration in non monetary form, in what way workers may be remunerated
(2)
1] They may get transferred in the similar type of organization.
2] They may get facilities which induce them to stay with the organization.
3] They may get Dearness Allowance
4] They may get reimbursement for expenses done

5) Match the Following

(4)
1] Labour 1] Employees leaving the organization and new workers are being recruited.
Turnover 2] The Cost of Personnel Administration - To maintain good relation with the workers
2] Preventive 3] The costs incurred for recruitment & training of new workers & the resulting losses,
Cost wastages and reduced productivity due to the inefficiency and inexperience of new
3] workers
Replacement 4] Loans at reduced rate of interest
cost 5] The workers are granted ownership rights in the operations of the organization by which
4] Non- they are in the position to control the affairs of the organization.
Monetary 6] The workers are entitled to share in profits earned by an organization
Incentives

6) While selecting the budget period , it should be noted that - too long budget period makes correct
estimation more easy, where too short a budget period may prove to be also profitable one
(2)
1] True
2] False

7) Trade discount is the discount received on purchases or allowed on sales which is an adjustment with
:BLANK purchase or sales price.
(2)
1] typical
2] suitable
3] owner's
4] basic

8) According to Money Measurement Concept, the moral &motivation of the workers, credibility of the
business organization in the market may find place in accounting or in financial statement..
(2)
1] True
2] False

9) The balance shown by the consolidated account in the main ledger or General Ledger need not to be tallied
with the balances in individual ledger accounts maintained in the control ledger
(2)
1] True
2] False

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10) Match the Following

(4)
1] Journal Proper 1] Rectification adjustment entries
2] Control Ledger 2] Large scale individual accounts
3] Main Ledger /General Ledger 3] Consolidated effect of individual transactions
4] Cash Book 4] Records of Cash / Bank receipts & payments
5] Record of only creditors accounts
6] Record of only credit purchase

11) From the given options, which sentences are applicable for office and administration overheads
(4)
1] These overheads consist of all indirect expenses such as cost of factory lighting / power expenses.
2] These overheads consist of all overhead costs incurred for the overall administration of the
organization
3] Indirect material such as stationary items, office supplies are the examples
4] Indirect material such as consumable stores is the example

12) Which payment from the given options can be termed as Selling &Distribution overheads
(2)
1] Works manager's salary
2] Salaries paid to administration staff
3] Salaries paid to sales personnel
4] Salaries to accounts staff

13) Indirect material indicates that material which can not be identified with the individual cost centres and
this assists in manufacturing process
(2)
1] True
2] False

14) When material is physically received &excess quantity is received than material ordered &if it is not
accepted, It may be returned to the supplier accompanied with which note
(2)
1] Goods Received Note
2] Material requisition Note
3] Goods Transfer Note
4] Goods Returned Note

15) Select the ways by which Job Card may be maintained for time booking
(4)
1] The detailed time recorded with the reference of individual worker for a particular job
2] Which provides the total time taken by the worker to complete the particular job.
3] Which states the total time taken by the various workers to complete the particular job.
4] The total time which require for all jobs/works orders calculated combine.

16) The remuneration paid to the workers in non-monetary term may be in which form
(4)
1] It may be in the form of reimbursement for expenditure done
2] It may be in the form of provision of health

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3] It may be in the form of provision of working conditions

4] It may be in the form of other allowances other than salary or wages

17) Which sentence does explain the nature of the Semi-variable Overheads
(2)
1] These overheads are uncontrollable in nature.
2] These overheads indicate the costs which vary directly in proportion to volume of output.
3] These overheads are Indirect in nature.
4] These overheads may remain fixed at certain level of activity while may vary proportionately at other
levels of activity

18) In what way the technique of marginal costing may be applied in the area of price fixation
(2)
1] In such a way that the prices fixed should cover at least fixed cost.
2] In such a way that product would be able to face the competition in the market.
3] In such a way that the prices fixed should cover at least the variable cost.
4] In such a way that the prices fixed .

19) What do you mean by Capital Expenditure Budget

(2)
1] It indicates various overheads incurred during the budget period.
2] It indicates all costs incurred during he production.
3] It is a plan of proposed investment in the fixed assets.
4] These are items of liabilities to be paid.

20) While establishing the standard costing system in the organization, what do you think which part is most
critical part of the implementation of standard costing
(2)
1] To establish the organization in general of the concern.
2] To design the accounts carefully
3] To establish the standards with respect to the individual elements of costs.
4] To set the purpose of standard costing.

21) Match the Following

1] Idle Time Variance
2] Gang Composition Variance
3] Labour Rate Variance
4] Labour Efficiency Variance
(4)
1] Standard Rate x Idle Hours
2] Standard Rate ( Revised Standard Hours – Actual Hours )
3] Actual Hours ( Actual Rate – Standard Rate)
4] Standard Rate ( Actual Hours - Standard Hours )
5] Standard Rate ( Standard Hours – Revised Hours )
6] Standard Overheads Cost X Idle Hours

22) Cost accountancy is a science, art &practice of a cost accountant', if it is true , the art indicates:BLANK
of the cost accountant.
(2)
1] presentation in meetings
2] presentation of systems
3] Skill & ability
4] Attendance in conference

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23) :BLANK which is connected with an undertaking and in relation to which costs may be ascertained
&used for the purpose of cost control, can be classified as production cost centre.
(2)
1] Accounts department
2] Works manager
3] Internal transport department
4] An assembly shop

24) The operating profit as per cost statement may appear less than profit as per Profit &Loss account, Which
may be the reason from the given options
(2)
1] Expenses which arise not as a part of regular operations of the organization.
2] Provision for income tax
3] Interest/dividend paid
4] Windfall Income

25) When material is physically received &excess quantity is received than material ordered &if it is not
accepted, It may be returned to the supplier accompanied with which note
(2)
1] Goods Received Note
2] Material requisition Note
3] Goods Transfer Note
4] Goods Returned Note

26) The contractual obligation between the supplier &purchaser starts from :BLANK
(2)
1] Purchase requisition
2] The call of quotations.
3] Purchase order
4] Response to the tender.

27) Analysis of the trends may help in establishing the future trends, for the analysis , knowledge of long
term trends , seasonal trends &cyclical trends should be there. To know this which source can be used
(4)
1] The reports published by the trade organization.
2] Forecasts of the accounting department within the organization.
3] Forecasts of the cost department within the organization.
4] Government publications.

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