Costing - Study Mode
[#281] Match the items of the following two lists: List-I List-II a. Statement of changes in working capital 1. Cash flow statement b. Deferred tax 2. Fixed assets c. Three activities 3. Funds flow statement d. Impairment loss 4. Balance sheet
Correct Answer
(C) a-3, b-4, c-1, d-2
[#282] Cost of production is
Correct Answer
(B) Factory cost + Administrative overheads
[#283] Under inflationary conditions a higher value of inventory is assigned under:
Correct Answer
(A) LIFO method
[#284] The cause of increase in cost per unit under process costing is
Correct Answer
(B) Normal wastage
[#285] Under the inflationary conditions, the value of closing stock will be highest under the:
Correct Answer
(B) FIFO method