Practice Test


Q1) Under Non integrated system the number of set of accounts books maintained Show Answer


Q2) Under Non integrated system Show Answer


Q3) Non integrated system of accounting is also known as Show Answer


Q4) In cost accounts Show Answer


Q5) Under Non integrated system Show Answer


Q6) Cost Ledger contains Show Answer


Q7) Cost Ledger contains Show Answer


Q8) Stores Ledger contains a separate account of Show Answer


Q9) WIP Ledgers balance shows Show Answer


Q10) Finished Goods Ledger contains an account for Show Answer


Q11) Control accounts provide a basis Show Answer


Q12) Issue of material is credited to Show Answer


Q13) Abnormal Loss is Show Answer


Q14) Wages control A/c is debited by Show Answer


Q15) Factory overheads Control A/c is Show Answer


Q16) The balance on Factory overhead Control A/c represents Show Answer


Q17) The balance on Factory overhead Control A/c transfer red to Show Answer


Q18) The balance of Finished Goods Ledger control represents Show Answer


Q19) The balance on cost of sales A/c is transferred to Show Answer


Q20) Overhead Adjustment A/c is debited by Show Answer


Q21) The balance of costing P & L A/s is Show Answer


Q22) Under Non integrated system ____ accounts and _____ accounts are maintained separately Show Answer


Q23) Non-Integrated System is also known as ______ Show Answer


Q24) In cost accounts ________ accounts are maintained. Show Answer


Q25) Cost ledger contains all _____ accounts Show Answer


Q26) _____ contains each item of stores. Show Answer


Q27) Cost of unfinished work is shown _____ Ledger. Show Answer


Q28) Finished items are shown by _______ Ledger. Show Answer


Q29) Issue of material is ___ to stores ledger control A/c. Show Answer


Q30) Abnormal loss is debited to _____ A/c Show Answer


Q31) Direct wages are debited to ____ A/c Show Answer


Q32) Under /over absorption of overheads is shown by ____ Show Answer


Q33) Cost of Goods remaining and unsold is shown by ________ control A/c. Show Answer


Q34) N.P. / N.L. as per cost A/c is shown by_______ Show Answer


Q35) Four set of books maintained under Non integrated system Show Answer


Q36) Under Non integrated system cost accounts and Financial accounts are maintained separately Show Answer


Q37) Non-Integrated System is also known as Inter locking A/c system. Show Answer


Q38) In cost accounts all personal accounts are maintained. Show Answer


Q39) Stores ledger contains Wages paid. Show Answer


Q40) WIP ledger shows cost of goods unfinished. Show Answer


Q41) Finished Goods ledger shows cost of finished goods. Show Answer


Q42) Control Accounts provide a basis for reconciliation. Show Answer


Q43) Abnormal loss is credited to costing Profit & Loss A/c. Show Answer


Q44) Direct wages are debited to wages control A/c. Show Answer


Q45) Cost of goods remaining unsold is shown by finished Goods ledger control A/c. Show Answer


Q46) Costing Profit & Loss A/c shows Financial Profit & Loss. Show Answer