Cost accounting - 2

Cost accounting - 2

University

10 Qs

quiz-placeholder

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Cost accounting - 2

Cost accounting - 2

Assessment

Quiz

Professional Development, Arts

University

Practice Problem

Medium

Created by

Sharmila Ramaiah Bavigadda

Used 11+ times

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10 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 5 pts

Works cost is also called as

Evaluate responses using AI:

OFF

Answer explanation

Factory cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the objectives of Material costing

A. No under stocking

B. Quality maintenance

C. Minimum wastage

D. Economy in purchasing

E. All of the above

3.

OPEN ENDED QUESTION

30 sec • 5 pts

GRN

Evaluate responses using AI:

OFF

Answer explanation

Goods received note

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inventory systems

A. Periodic inventory system

B. Perpetual inventory system

C. Both A and B

D. None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Bincard is maintained by

A. Cost accounting department

B. Financial accounting department

C. Store keeper

D. All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Stores ledger is maintained by

A. Cost accounting department

B. Store keeper

C. Financial accounting department

D. None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Bincard contains quantities only

A. Yes

B. No

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