Department Accounting

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24 Que, 24 Marks

Your Name *

Address *

Contact No *

Mail id *

1- Expenses which can be directly identified with or incurred for particular department are called ......................... *

1 point

direct expenses.

Indirect expenses

monthly expenses.

weekly expenses.

2- Expenses which cannot be identified with a particular department are called.......................... *

1 point

direct expenses.

Indirect expenses

monthly expenses.

weekly expenses.

3- Selling expenses should be divided among the different department on the basis of ................ *

1 point

light points.

horse power of machine

sales ratio

floor area.

4- Rent and rates should be divided among the different departments on the basis of.......................... *

1 point

light points.

horse power of machine

sales ratio

floor area.

5- Fire insurance and repairs on assets should be divided among the different departments on the basis of .................... *

1 point

light points.

horse power of machine

value of each asset

floor area.

6- Under debtors method, opening balance of debtors is............ *

1 point

debited to branch account

credited to branch account

debited to head office account

credited to head office account

7- Goods may be invoiced to branch at *

1 point

cost

selling price

wholesale price

all of the above

8- Selling commission is apportioned among departments in the proportion of *

1 point

average stock carried by each department

Number of units sold be each department

sales of each department

None of the above

9- In each department, depreciation is to apportioned on the basis of.................. *

1 point

value of machinery.

life time of machinery.

production capacity of machinery

power consumed by the machinery

10- Indirect expenses is also called...................... *

1 point

prime cost.

management expenses.

joint expenses.

notional cost

11- The departmental accounting enable a business firm to maximize ....................... *

1 point

profit

losses.

cash

assets

12- In departmental account expenses like director fees, interest is transferred to................... *

1 point

balance sheet

trading account

general profit and loss account

profit and loss appropriation account

13- Workmen's amenities and welfare expenses should be divided among the different departments on the basis of........................ *

1 point

number of workers in each department

number of machines in each department

wages of each department

floor area occupied by each department

14- Power expenses should be divided among the different departments on the basis of...................... *

1 point

light points

horse power of machine

sales ratio

floor area

15- Carriage inward expenses should be divided among the different departments on the basis of .......................... *

1 point

light points

purchase value

sales ratio

floor area

16- Lighting expenses should be divided among the different departments on the basis of................... *

1 point

light points

horse power of machine

sales ratio

floor area

17- Repairs to buildings, maintenance of premises should be divided among the different departments on the basis of ............ *

1 point

light points

horse power of machine

sales ratio

floor area

18- When goods are transferred from one department to other, the department transferring the goods should be credited and department receiving the goods should be ....................... *

1 point

debited

credited

added

subtracted

19- When goods are transferred from one department to other, the department transferring the goods should be................... *

1 point

debited

credited

added

subtracted

20- When goods are transferred from one department to other department, they are called...................... *

1 point

inter-departmental transfers

outer-departmental transfers

not a transfer

regular transfer

21- Expenses which cannot be apportioned to department must be shown in the ........................... *

1 point

balance sheet

trading account

profit and loss account

profit and loss appropriation account

22- Indirect expenses is also called....................... *

1 point

prime cost

common expenses

direct expenses

management expenses

23- Factory manager's salary should be divided among the different departments on the basis of ............................. *

1 point

time devoted to each department

time spent in each department

time assigned to each department

time wasted in each department

24- ESI, PF payable by employer should be divided among the different departments on the basis of ................... *

1 point

number of workers in each department

number of machines in each department

wages of each department

floor area occupied by each department

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