A company's 'Fixed Overhead Capacity Variance' is ₹10,000 (Adverse). This means: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Accountancy and Book Keeping Questions
Question #1
Report Error
In a bank reconciliation statement, an overdraft as per the cash book will be increased by:
Correct Answer: Option A
Explanation:
Cheques issued but not presented reduce the bank balance, so they are added to the overdraft balance as per the cash book to reconcile with the pass book.
Cheques issued but not presented reduce the bank balance, so they are added to the overdraft balance as per the cash book to reconcile with the pass book.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
Report Error
Zero-Based Budgeting (ZBB) requires managers to:
Correct Answer: Option D
Explanation:
ZBB starts from a 'zero base', requiring a fresh justification for all funding rather than relying on historical data.
ZBB starts from a 'zero base', requiring a fresh justification for all funding rather than relying on historical data.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
Report Error
The concept of 'Going Concern' assumes that:
Correct Answer: Option B
Explanation:
Going concern concept assumes that the enterprise will continue in operation for the foreseeable future, and has no intention to liquidate.
Going concern concept assumes that the enterprise will continue in operation for the foreseeable future, and has no intention to liquidate.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
No comments yet. Be the first to start the discussion!