Professional Documents
Culture Documents
Question Paper – 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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Management Accoutning
True/False
Question A cash payment of Rs.1,000/- for traveling expenses has been
entered in the books but not debited to traveling A/c. The trial
balance will NOT agree.
Correct Answer True
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Management Accoutning
Question Paper – 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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Management Accoutning
True/False
Question An item of cost that is direct for one business organisation
may be indirect for another business organisation.
Correct Answer True
Your Answer True
True/False
Question A business is an activity carried out with the intention of
earning the profit.
Correct Answer True
Your Answer True
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Management Accoutning
Question Paper – 3
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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Management Accoutning
True/False
Question If the storage cost of inventory increases, then the economic
order quantity also increases.
Correct Answer False
Your Answer False
True/False
Question Routing the purchase requisition through the purchase
department entails unnecessary delay in receiving the
required materials.
Correct Answer False
Your Answer True
True/False
Question The rates at which the depreciation is to be calculated are
specified in the Income Tax Act 1961 and The Companies
Act, 1956.
Correct Answer True
Your Answer True
True/False
Question The effect of price reduction is always reduction in the
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Management Accoutning
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