Accounting MCQs

1590 MCQs  (Page 61 of 159)

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The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?
A. Bill of materials
B. Bill of sequence
C. Bill of detail
D. Bill of raw materials
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The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?
A. Budget production
B. Planned production
C. Setup production
D. Stand by production
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The budgeted income statement and the supporting budget schedules are categorized under _____________?
A. Focused statement
B. Slack statement
C. Budgeted income statement
D. Operating budget
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The higher and accurate budgeted profit forecast of managers lead to __________?
A. High incentive bonus
B. Low incentive bonus
C. Influence bonus
D. Revenue bonus
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The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as ___________?
A. Complexity
B. Process
C. Budget
D. Batching
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The starting point in the operating budget is __________?
A. Cost budget
B. Material list
C. Revenue budget
D. List of investors
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The budget plan in many companies is also referred as ___________?
A. Profit plan
B. Sales plan
C. Cost plan
D. Marketing plan
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The practice, which makes target more achievable by underestimating revenues or overestimating cost is called _____________?
A. Cost slack
B. Target slack
C. Budgetary slack
D. Revenue slack
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In Kaizen budgeting, the costs are based on all the improvements which is __________?
A. To be implemented
B. Based on current practice
C. Based on past prices
D. Based on sold quantity
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The better administration of budget in budgeting plans require:_____________?
A. Intelligent interpretations
B. Participation
C. Persuasion
D. All of above
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Word of the Day
17 Jul
Flagrant
(of an action considered wrong or immoral) conspicuously or obviously offensive.
انتہائی برا، قابل مذمت، فاش

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