[PDF] Download MAKAUT BCA 5th SEM 2021 Management and Accounting Question Paper

Bachelor of Computer Applications
5th SEM (2021)
Management and Accounting

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Download MAKAUT BCA 5th SEM 2021 Management and Accounting Question Paper – (Online Test Paper)

  1. Capital means the amount contributed by the:
  • Outsider
  • Creditor
  • Owners
  • Employees
  1. Trial balance is a/an
  • Both of these
  • Statement
  • None of these
  • account
  1. Goods withdrew by proprietors for personal purpose, signifies
  • Drawings
  • Loans
  • Sales
  • Investment
  1. Transaction means:
  • change in assets only
  • a monetary change in affairs
  • an event
  • None of these
  1. Gross Profit calculated from
  • Trading A/C
  • Balance Sheet
  • Profit and Loss A/C
  • Trial Balance
  1. Closing stock in trial balance implies that
  • It is already adjusted with the Purchase
  • It is already adjusted with the Sales
  • It is already adjusted with the opening stock
  • It is already adjusted with the Capital
  1. Which of the following comes under credit column of trial balance?
  • Carriage outward
  • Return Outward
  • Return Inward
  • Carriage Inward
  1. Accounting is: –
  • To keep only records of financial transactions.
  • The writing of transections;
  • The meaning of records;
  • The art of recording, classifying and summarizing transactions;
  1. ‘A business unit is separated‘ as per
  • Entity concept
  • Money Measurement Concept 
  • Full disclosure concept
  • Dual aspect concept
  1. Capital at the beginning of the financial year was Rs.1,20,000. Drawings during the year is Rs.10,000 and the business earns a Net Profit at the end of the year is Rs.35,000. What is the amount of Closing capital?
  • Rs.1,65,000
  • Rs.1,45,000
  • Rs.1,20,000
  • Rs.75,000
  1. Which of the following is prepared to check the arithmetical accuracy of accounting record?
  • All of these
  • Journal
  • Ledger
  • Trial Balance
  1. Which of the followings is not related to the head of Current Assets?
  • Closing stock
  • Bills Receivable
  • Debtors
  • Furniture
  1. Expenditure means
  • Money values of the sacrifice made to take any benefit
  • Any loss
  • Any payment
  • None of these
  1. Receipts mean:
  • Profit earned
  • Any benefit
  • Acquisition of cash or any other asset
  • None of these
  1. Indirect cost is referred as
  • Prime cost
  • Labor
  • Materials
  • Overhead
  1. Packing cost is a
  • Mixing cost
  • Distribution cost
  • Production cost
  • Selling cost
  1. Standard time 40 hours, actual time taken 30 hours, hourly rate of wages is Rs.10per hour.

The Total wage of a worker under Rowan Plan—

  • Rs.300
  • Rs.400
  • Rs.500
  • Rs.375
  1. The main purpose of cost accounting is to:
  • Maximize profits
  • Help management in taking decisions by providing information
  • Keep record
  • Minimize losses
  1. Idle time arises only when workers are paid on ________ basis.
  • Function Point
  • Piece
  • Efforts
  • Time
  1. Which of the following is a scheme of labor incentive?
  • Flux System
  • All of these
  • Halsey System
  • Rowan Scheme
  1. Which of the following methods of wage payment does not guarantee wages on time basis?
  • None of these
  • Rowan premium system
  • Halsey premium system
  • Piece rate system
  1. _____________ refers to making choices among alternative courses of action
  • Decision Making
  • Organizing
  • Staffing
  • Planning

23. Which of the following is a function of management?

  • Organizing
  • Staffing
  • All of these
  • Planning
  1. Which of the following involves the social and informal sources of influence that you use to inspire action taken by others?
  • Controlling
  • Planning
  • Organizing
  • Directing
  1. Which of the following provide ownership capital?
  • Bond
  • Bank overdraft
  • Equity Shares
  • Debenture
  1. IDBI refers to 
  • The Industrial Development Bank of India
  • The Indian District Bank of India
  • The Indian Development Bank of India
  • The Industrial District Bank of India
  1. Which of the following is an example of Short term finance?
  • Shares
  • All of these
  • Bank overdraft
  • Debenture
  1. Which of the following is an example of long term finance?
  • Call Money
  • Notice Money
  • Bonds
  • Mezzanine Finance
  1. If production increases variable cost will
  • remain unchanged
  • Increase on a per-unit base
  • vary inversely
  • Remain constant
  1. Total Sales – BEP sales = 
  • Profit
  • Contribution
  • Margin of safety
  • Loss
  1. Cost of equipment: Rs.25,000; Useful life of equipment: 5 years; Tax rate: 30%. If equipment is depreciated using straight line method, what is the depreciation tax shield associated with the new equipment?
  • Rs.5,000
  • 2,000
  • Rs.1,500
  • Rs.7,500
  1. At breakeven point
  • Total Sales = Total Contributions
  • Total Sales = Total Variable Cost
  • Total Sales = Total Fixed Cost
  • Total Sales = Total Cost
  1. The current worth of a sum of money to be received at a future date is called:
  • real value
  • future value
  • present value
  • salvage value
  1. Which of the following techniques does not take into account the time value of money?
  • Internal rate of return method
  • Discounted cash payback method
  • Net present value method
  • ARR
  1. Which method of capital budgeting focuses on liquidity of a project?
  • Accounting Rate of Return
  • Net Present Value
  • Profitability Index
  • Pay Back Period
  1. If variable cost is 650% and Fixed cost is Rs.40,000 then BEP sale is
  • Rs.10,000
  • Rs.66,667
  • None of these
  • Rs.1,00,000
  1. Bad Debts are actually a type of
  • Asset
  • Income
  • Liability
  • Loss
  1. Performance appraisal of employee is a part of
  • Planning
  • Organizing
  • Controlling
  • Staffing
  1. Management is a 
  • Science
  • Arts
  • Commerce
  • Both Science and Arts
  1. Prime cost means
  • Direct materials
  • Direct materials and direct labor
  • Direct labor
  • Direct materials, direct labor and direct expense
  1. Users of accounting information are
  • Owners
  • Lenders
  • Customers
  • All of the above
  1. The Internal Rate of Return (IRR) is determined where
  • The NPV is Nil
  • The NPV is Negative
  • The NPV is Positive
  • The PI is Positive
  1. Accounting cycle is 
  • To prepare up to Trial Balance
  • To record the journals
  • To post journal into ledger
  • From recording transactions to preparation of final accounts
  1. Debtors mean:
  • Amount owing by owners
  • Amount owing by outsiders
  • Amount owing by investors
  • Amount owing by customers
  1. A cost is
  • A sacrifice
  • All of the above
  • Measurement of consumption of resources
  • Release of something of value
  1. Which of the following discount not consider in a Journal?
  • Trade discount
  • All of these
  • Spot discount
  • Cash discount
  1. An increase in the discount rate will
  • Compensate for reduce risk.
  • Have no effect on the net present value.
  • Increase the present value of future cash flows.
  • Reduce the present value of future cash flows.
  1. Which of the following is the final stage of decision-making process?
  • Evaluate results
  • Identify options
  • Desired outcome
  • Implement an action plan
  1. Capital Rs. 30,000; Liabilities Rs. 10,000. Assets will be
  • Rs.10,000
  • Rs.20,000
  • Rs.30,000
  • Rs.40,000
  1. Total wages under Halsey Plan = Total wages under Rowan Plan, if
  • Time Taken = Time Saved
  • Time Allowed > Time Saved
  • Time Allowed = Time Saved
  • None of These

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