Which method of valuing material issue is suitable for materials purchased for a particular work or job ?

FIFO method of valuing material issues is suitable in times of :

Quantity of material to be ordered at one time is known as :

Which method of costing is used in a definery?

Margin of safety is referred to as

The break - even point is the point at which

To obtain break-even point in rupee sales value, total fixed cost is divided by

The most important criterion for distinguishing between scrap, byproduct and joint products is :

Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be :

The costing method in which each job is treated as a cost unit to which all costs are assigned is :

Expenses which are not actually incurred, but is included for taking managerial decisions are called

What is the basis of apportionment of creche expenses ?

A An amount of Rs. 450/- received from a customer was posted to the credit side of his account as Rs.415.00. This is an error of ?

A trial balance lists the balances of all ledger account and the ?

Stock-in-trade is valued at ?

Depreciation of fixed asset is?

The maker of a bill of exchange is called ?

A credit note is sent by the ?

The entry for canceling wrongly allowed to a customer is first entered in the ?

Written evidence for a payment in cash is called ?

When proprietor takes goods for personal use the account is debited to ?

Purchase ledger is also known as ?

In Real Account transaction Debit is given to ?

Journal is a book of ?

Depreciation is a

When furniture sold for cash, credit should be given to

Sales Ledger is also known as

Capital and drawings are accounted in

Capital =

Credit Sale of an asset should be firstly entered in

Which is the correct journal entries of the transaction 'Goods returned by ABC Ltd. Rs. 500.00'?

An omission to record a transaction in full is known as

The transportation and errection expenditure of machinery shall be debited to :

A share of Rs. 10 issued at a premium of Rs. 2 which the full amount has been called Rs. 8 including premium is forfeited. the capital account shall be debited with:

A share of Rs. 10 each on which Rs. 8 has been called and Rs. 6 is paid is forfeited. The capital account should be debited with:

Premium On issue of shares can be used for

A, B and C are partners sharing profits and losses in the ratio of 3:2:1 C retire from the firm and A and B decides to share profits in the ratio of 5:3 .What will be the gaining ratio?

An entry with more than one debitor credit is known as:

Which of the following asset is not subject to depreciation ?

Provision for bad and doubtful debts is made against current years profit because of:

Fixed assets are recorded in the books at original cost :

A and B are partners sharing profits and losses in the ratio of 2:3. They admit C for 2/5 shares which he acquired equally from A and B. What is the new ratio?

Unearned income is :

Bad debts previously written off, if recovered subsequently:

Income tax paid on behalf of the proprietor:

Assets are held for the purpose of :

A bill of exchange drawn in Delhi and payable in London is a example of:

Protest is necessary in the case of dishonour of:

The relationship between a banker and a customer is basically that of:

Cancellation of crossing can be done by: