Costing - Study Mode
[#711] Assertion (A): Ratio analysis is one of the tools employed to know the financial health of a concern. Reason (R): Ratio analysis is not the only technique available to take an investment decision.
Correct Answer
(A) Both (A) and (R) are true, and (R) is the correct explanation of (A)
[#712] Stores Ledger is maintained in the . . . . . . . .
Correct Answer
(C) cost accounting department
[#713] Match the following. List-I List-II a. Classification of costs into fixed and variable costs 1. Contribution b. Difference between sales and variable costs 2. P/V ratio c. Both fixed and variable costs are charged to product 3. Marginal costing d. Relative profitability 4. Absorption costing
Correct Answer
(C) a-3, b-1, c-4, d-2
[#714] . . . . . . . . costing is used in transport undertakings.
Correct Answer
(B) Service
[#715] Which technique, used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?
Correct Answer
(A) Comparative statement