Lecturer Commerce Solved Past Paper MCQs Online Test No. 39

The main purpose of cost accounting is to:

An account in which, are entered transactions, which cannot be placed to their proper accounts for want of sufficient information is called:

Which of the following is not a part of shareholder's equity of limited liability company.

Revenue reserves of a company would increase if the company.

The three major elements of product costs are all but:

An example of variable cost is:

Minority interest account in the books of Holding company is a liability account.

Variable cost per unit:

In a limited liability company, the net profit or loss of the company is transferred to:

Under which of the following style of business, retained earning account is maintained.

Sometimes a trial balance may not agree under such circumstances, the difference may be placed to a:

The purpose of cost accounting is to provide information for:

Under or over casting of a subsidiary book is an example of error of:

A purchases returns of Rs.600 to P if entered in the sales book would affect:

Errors which affect profit and loss relate to:

An overstatement of work- in- progress at the end of a period will:

Multiple costing method is used in:

Cost accounting concepts include all of the following except:

Short debit to an account increases the credit side of the:

An example of fixed cost is:

When the mistakes are discovered subsequently, they are rectified through the:

Errors of carry forward effect:

One of the most important tools in cost planning is:

Double sided error is one which exists simultaneously in:

Increase in total variable cost is due to: