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16.
The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 5,40,000; Fixed selling overhead Rs. 2,52,000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees -
- A.Rs. 26,40,000
- C.Rs. 25,20,000
- B.Rs. 30,80,000
- D.Rs. 27,40,000
- Answer
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Answer : [C]
17.
Calculate Return on Investment/ Return on Proprietor's fund. Gross profit of a firm is Rs. 3,20,000, Operating expenses Rs. 1,00,000, Taxes Rs. 20,000, Owner's fund Rs. 5,00,000, Debenture Interest Rs. 50,000 -
- A.20%
- C.40%
- B.30%
- D.50%
- Answer
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Answer : [B]
18.
If the goods purchased are in transit, then the Journal Entry at the end of the period will be -
- A.Goods in Transit A/c Dr. To Supplier's A/c
- C.Stock A/c Dr. To Goods in Transit A/c
- B.Goods in transit A/c Dr. To Purchases A/c
- D.Supplier's A/c Dr. To Goods in Transit
- Answer
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Answer : [B]
19.
It is given that cost of stock is Rs. 100. However, its market price is Rs. 98 (buying) and Rs. 140 (selling). If the market price is interpreted as the replacement cost, then the stock should be valued at -
- A.98
- C.140
- B.100
- D.40
- Answer
- Report
Answer : [A]
20.
Social Accounting means -
- A.Accounting for social benefits and social costs
- B.Accounting for Government Revenue & Govt. Cost
- C.Accounting for private revenue and private cost
- D.None of the above
- Answer
- Report
Answer : [A]
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