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

2. Trial balance is a/an

• Both of these
• Statement
• None of these
• account

3. Goods withdrew by proprietors for personal purpose, signifies

• Drawings
• Loans
• Sales
• Investment

4. Transaction means:

• change in assets only
• a monetary change in affairs
• an event
• None of these

5. Gross Profit calculated from

• Trading A/C
• Balance Sheet
• Profit and Loss A/C
• Trial Balance

6. 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

7. Which of the following comes under credit column of trial balance?

• Carriage outward
• Return Outward
• Return Inward
• Carriage Inward

8. 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;

9. ‘A business unit is separated‘ as per

• Entity concept
• Money Measurement Concept 
• Full disclosure concept
• Dual aspect concept

10. 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

11. Which of the following is prepared to check the arithmetical accuracy of accounting record?

• All of these
• Journal
• Ledger
• Trial Balance

12. Which of the followings is not related to the head of Current Assets?

• Closing stock
• Bills Receivable
• Debtors
• Furniture

13. Expenditure means

• Money values of the sacrifice made to take any benefit
• Any loss
• Any payment
• None of these

14. Receipts mean:

• Profit earned
• Any benefit
• Acquisition of cash or any other asset
• None of these

15. Indirect cost is referred as

• Prime cost
• Labor
• Materials
• Overhead

16. Packing cost is a

• Mixing cost
• Distribution cost
• Production cost
• Selling cost

17. 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

18. The main purpose of cost accounting is to:

• Maximize profits
• Help management in taking decisions by providing information
• Keep record
• Minimize losses

19. Idle time arises only when workers are paid on ________ basis.

• Function Point
• Piece
• Efforts
• Time

20. Which of the following is a scheme of labor incentive?

• Flux System
• All of these
• Halsey System
• Rowan Scheme

21. 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

22. _____________ 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

24. 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

25. Which of the following provide ownership capital?

• Bond
• Bank overdraft
• Equity Shares
• Debenture

26. 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

27. Which of the following is an example of Short term finance?

• Shares
• All of these
• Bank overdraft
• Debenture

28. Which of the following is an example of long term finance?

• Call Money
• Notice Money
• Bonds
• Mezzanine Finance

29. If production increases variable cost will

• remain unchanged
• Increase on a per-unit base
• vary inversely
• Remain constant

30. Total Sales – BEP sales = 

• Profit
• Contribution
• Margin of safety
• Loss

31. 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

32. At breakeven point

• Total Sales = Total Contributions
• Total Sales = Total Variable Cost
• Total Sales = Total Fixed Cost
• Total Sales = Total Cost

33. 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

34. 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

35. Which method of capital budgeting focuses on liquidity of a project?

• Accounting Rate of Return
• Net Present Value
• Profitability Index
• Pay Back Period

36. 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

37. Bad Debts are actually a type of

• Asset
• Income
• Liability
• Loss

38. Performance appraisal of employee is a part of

• Planning
• Organizing
• Controlling
• Staffing

39. Management is a 

• Science
• Arts
• Commerce
• Both Science and Arts

40. Prime cost means

• Direct materials
• Direct materials and direct labor
• Direct labor
• Direct materials, direct labor and direct expense

41. Users of accounting information are

• Owners
• Lenders
• Customers
• All of the above

42. 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

43. 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

44. Debtors mean:

• Amount owing by owners
• Amount owing by outsiders
• Amount owing by investors
• Amount owing by customers

45. A cost is

• A sacrifice
• All of the above
• Measurement of consumption of resources
• Release of something of value

46. Which of the following discount not consider in a Journal?

• Trade discount
• All of these
• Spot discount
• Cash discount

47. 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.

48. Which of the following is the final stage of decision-making process?

• Evaluate results
• Identify options
• Desired outcome
• Implement an action plan

49. Capital Rs. 30,000; Liabilities Rs. 10,000. Assets will be

• Rs.10,000
• Rs.20,000
• Rs.30,000
• Rs.40,000

50. 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