MCQ for CA Intermediate COSTING - Chapter 7 - COST ACCOUNTING SYSTEM

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 1 - COST AND MANAGEMENT ACCOUNTING - Chapter 7: COST ACCOUNTING SYSTEM - For Practice relevant for May/November 23 Examinations

 

Q1. Under the Non-integrated accounting system

  1. Same ledger is maintained for cost and financial accounts by accountants
  2. Separate ledgers are maintained for cost and financial accounts
  3. (a) and (b) both
  4. None of the above

Answer: 2

Q2. Notional costs 

  1. May be included in Integrated accounts
  2. May be included in Non- integrated accounts
  3. Cannot be included in Non-integrated accounts
  4. None of the above

Answer: 2

Q3. Under Non-integrated accounting system, the account made to complete double entry is

  1. Stores ledger control account
  2. Work in progress control account
  3. Finished goods control account
  4. General ledger adjustment account

Answer: 4

Q4. Integrated systems of accounts are maintained 

  1. In separate books of accounts for costing and financial accounting purposes
  2. In same books of accounts
  3. Both (a) & (b)
  4. None of the above

Answer: 2

Q5. Under Non-integrated accounts, if materials worth ₹ 1,500 are purchased for a special job, then which account will be debited:

  1. Special job account / work in process account
  2. Material control account
  3. Cost control account
  4. None of the above

Answer: 1

Q6. Which of the following items is included in cost accounts?

  1. Notional rent
  2. Donations
  3. Transfer to general reserve
  4. Rent receivable

Answer: 1

 

CA Intermediate COSTING - MCQ for Chapter 8 -   

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