A centre at which proper utilization of asset used in the centre a) Investment centre b) Profit centre c) Cost centre d) Responsibility centre

A centre at which proper utilization of asset used in the centre
a) Investment centre  
b) Profit centre
c) Cost centre
d) Responsibility centre
by

1 Answer

Answer :

a) Investment centre
by

Related questions

Responsibility Centre can be categorised into: (a) Cost Centres only (b) Profit Centres only (c) Investment Centres only (d) Cost Centres, Profit Centres and Investment Centres

Description : Responsibility Centre can be categorised into: (a) Cost Centres only (b) Profit Centres only (c) Investment Centres only (d) Cost Centres, Profit Centres and Investment Centres

Last Answer : (d) Cost Centres, Profit Centres and Investment Centres

A segment of activity or area of operation for which cost is collected is known as ----------------- a) Cost centre b) Profit centre c) Investment centre d) Responsibility centre

Description : A segment of activity or area of operation for which cost is collected is known as ----------------- a) Cost centre b) Profit centre c) Investment centre d) Responsibility centre

Last Answer : a) Cost centre

A segment of activity for which revenues are accumulated a) investment centre b) profit centre c) revenue centre d) Responsibility

Description : A segment of activity for which revenues are accumulated a) investment centre b) profit centre c) revenue centre d) Responsibility

Last Answer : c) revenue centre

A segment of activity for which both revenue and cost are accumulated a) Investment centre b) Project centre c) Cost centre d) Responsibility centre

Description : A segment of activity for which both revenue and cost are accumulated a) Investment centre b) Project centre c) Cost centre d) Responsibility centre

Last Answer : b) Project centre

A segment of activity or area of operation for which revenues are accumulated is known as ------ a) Cost centre b) Profit centre c) Revenue centre d) Investment centre

Description : A segment of activity or area of operation for which revenues are accumulated is known as ------ a) Cost centre b) Profit centre c) Revenue centre d) Investment centre

Last Answer : c) Revenue centre

A segment of activity for which cost is accumulated a) Service centre b) Cost centre c) Profit centre d) Investment centre

Description : A segment of activity for which cost is accumulated a) Service centre b) Cost centre c) Profit centre d) Investment centre

Last Answer : b) Cost centre

Cost Unit is defined as: (a) Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed (b) A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control. (c) Centres having the responsibility of generating and maximising profits (d) Centres concerned with earning an adequate return on investment

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Last Answer : Unit of quantity of product, service or time in relation to which costs may be ascertained or  expressed

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Last Answer : c. a current asset.

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Last Answer : b. property, plant, and equipment.

A firm’s investment in current asset is known as ---------------- a) Net working capital b) Gross working capital c) Average working capital d) None of these

Description : A firm’s investment in current asset is known as ---------------- a) Net working capital b) Gross working capital c) Average working capital d) None of these

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The ratio that includes whether investment in inventory is efficiently used or not a) Inventory turnover ratio b) Working capital turn over ratio c) Fixed asset turn over ratio d) Activity ratio

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Description : A profit centre is a centre (a) Where the manager has the responsibility of generating and maximising profits (b) Which is concerned with earning an adequate Return on Investment (c) Both of the above (d) Which manages cost

Last Answer : (a) Where the manager has the responsibility of generating and maximising profits

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Description : An appropriation of profit is --------------------- a) Current asset b) Non current asset c) Provision for taxation d) Non current liability

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Last Answer : d) net profit plus non-cash expenses plus decrease in current

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An example of Balance Sheet ratio is --------------- a) Net profit ratio b) Inventory turn over ratio c) Current ratio d) Fixed asset turn over ratio

Description : An example of Balance Sheet ratio is --------------- a) Net profit ratio b) Inventory turn over ratio c) Current ratio d) Fixed asset turn over ratio

Last Answer : c) Current ratio

------------- centre is one for which both revenue and cost are accumulated a) Cost centre b) Revenue centre c) Service centre d) Profit centre

Description : ------------- centre is one for which both revenue and cost are accumulated a) Cost centre b) Revenue centre c) Service centre d) Profit centre

Last Answer : d) Profit centre

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Description : What are two important benefits of using cloud computing? A. Deployment of single tenant application. B. Enhanced Web V2.0 interfaces for user interactions. C. Lower total cost of ownership and improved asset utilization. D. Provides better availability than a standard computing environment.

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--------- is a system where persons are made responsible for control of cost a) Cost accounting b) Financial accounting c) Responsibility accounting d) None of these

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Last Answer : c) Responsibility accounting

A control system where accountability is established with responsibility is known as -------------- a) Cost accounting b) Responsibility accounting c) Financial accounting d) None of the above

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Last Answer : b) Responsibility accounting

A system where accounting is established with responsibility a) Responsibility accounting b) Financial accounting c) Cost accounting d) Budgeting

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Last Answer : d. all temporary accounts.

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Last Answer : FALSE

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Kirti Co’s Balance Sheet shows Fixed Asset Rs. 3,60,000. At the time of absorption calculation of Net Assets is 10% less than the market value, then market value of such fixed assets is ............ (A) Rs. 3,24,000 (B) Rs. 4,00,000 (C) Rs. 4,20,000 (D) None of these

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Description : In computing purchase consideration by ‘net asset method’ all assets including fictitious assets should be considered.

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Excess of current asset over current liability is known as ------------- a) Gross working capital b) Net working capital c) Average working capital d) None of these

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Which of the following is not an inflow of cash a) Sale of fixed asset b) Issue of debentures for cash c) Funds from operation d) Acquisition of assets

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Purchase of fixed asset is classified as------activity a) financing b) investing c) operating d) others

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Proposed dividend is a-------- a) Current liability b) Current asset c) Noncurrent liability d) Expense

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Last Answer : a) Goodwill

-------------------means transfer of economic value of firm from one asset or equity to another. a) Flow of funds b) Uses of fund c) Inflow of funds d) Application of funds

Description : -------------------means transfer of economic value of firm from one asset or equity to another. a) Flow of funds b) Uses of fund c) Inflow of funds d) Application of funds

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Asset sold on credit is---- of funds a) Application b) Uses c) Source d) Decrease

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Working capital is expressed as------ a) Current asset-fixed asset b) Fixed assets-current liabilities c) Current assets-current liabilities d) None of these

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The relationship between total outside liabilities and total assets can be indicated through ------------ a) Fixed asset ratio b) Solvency ratio c) Fixed asset turn over ratio d) Proprietary ratio

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Last Answer : b) Solvency ratio

Proprietary ratio measures the relationship between share holder fund and ------------------ a) Total asset b) Fixed asset c) Current asset d) Fictious asset

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