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Advance Accounting and Auditing
The budge cost allowance for an activity level of 4,000 units is:
Rs.7,200
Rs,14,700
Rs.17,200
Rs.22,200
Author:
rikazzz
Comment
Advance Accounting and Auditing
Direct material cost plus direct labor cost is called:
Prime cost
Conversion cost
Product cost
All of the above
Author:
rikazzz
Comment
Advance Accounting and Auditing
Which of the following assets is not eligible for initial depreciation allowance?
Vehicle for factory labor
Professional books
Vehicle plying for hire
ship
Author:
rikazzz
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Advance Accounting and Auditing
Any expenditure incurred to increase the profit earning capacity of the concern is a :
Revenue Expenditure
Current Expenditure
Capital Receipt
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
Which of the following is least important in deterring the fair market value of a share?
Earning and dividends per share
Book value per share
The available supply of shares and demand to purchase
The per value of share
Author:
rikazzz
Comment
Advance Accounting and Auditing
The first auditor of a public Limited Company is appointed by the directors within:
30 days of incorporation
60 days of incorporation
90 days of incorporation
120 days of incorporation
Author:
rikazzz
Comment
Advance Accounting and Auditing
All of the following are forms of business organizations except:
Proprietorship
Corporation
Retailer
Partnership
Author:
rikazzz
Comment
Advance Accounting and Auditing
Revenue is most commonly recognized at the time when:
Cash is collected
The order is received from customers
The sale is made
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
In comparison to the external auditor, an internal auditor is more likely to be concerned with:
Internal administrative control
Cost accounting procedures
Operational auditing
Internal accounting control
Author:
rikazzz
Comment
Advance Accounting and Auditing
Which of the following is an example of non exchange transaction?
Good lost by fire
Electric charges paid
Machinery purchased on credit
None of these
Author:
rikazzz
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