The direct labor, salary outlays and direct material purchases are classified as ___________?
A. price disbursements B. cash disbursements C. budget disbursements D. goods disbursements
Accounting MCQs with Answers
The cash receipts are added in to beginning cash balance to calculate __________?
A. total goods manufactured B. total cash available C. total revenue D. total goods sold
The compelling strategic plan, promoting coordination and providing framework of performance are ___________?
A. advantages of budget B. disadvantages of budget C. advantages of costing method D. disadvantages of costing method
The degree of influence that a manager would have on the revenues, cost, profit and investment is known as __________?
A. controllability B. influential power C. responsibility D. all of above
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
The better administration of budget in budgeting plans require:_____________?
A. intelligent interpretations B. participation C. persuasion D. all of above
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
The budget plan in many companies is also referred as ___________?
A. profit plan B. sales plan C. cost plan D. marketing plan
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
The starting point in the operating budget is __________?
A. cost budget B. material list C. revenue budget D. list of investors