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