Menu Close

Category: IC89 MANAGEMENT ACCOUNTING – 07

IC89 MANAGEMENT ACCOUNTING – 07

Que. 1 : Q1) Regular bonuses are guaranteed at maturity and a further non-guaranteed bonus may be paid at the end known as a ____________.

   1.  a) Annual bonuses

   2.  b) Terminal bonus

   3.  c) Special bonus

   4.  d) Festive bonus

Que. 2 : Q2) A system which operates in a predictable manner is termed as ____________.

   1.  a) Open system

   2.  b) Closed system

   3.  c) Deterministic system

   4.  d) Manual system

Que. 3 : Q3) Book values of Fixed Assets dedicated to Project X with Initial Cash outlay of RS. 2,00,000 and Profit after Tax are given. Find Average Rate of Return?

   1.  a) 25.64%

   2.  b) 28.2%

   3.  c) 37.5%

   4.  d) 42.6%

Que. 4 : Q4) Under Which system business entity or social organization or government administration, information were collected, collated, recorded, registered and utilized manually by the decision making authority at various levels?

   1.  a) Open system

   2.  b) Automated system

   3.  c) Manual system

   4.  d) Probabilistic system

Que. 5 : Q5) An insurer carrying on life insurance business and shall comply with the requirements of ____________ to prepare financial statements.

   1.  a) Schedule A

   2.  b) Schedule B

   3.  c) Schedule C

   4.  d) Schedule D