LIST OF ATTEMPTED QUESTIONS AND ANSWERS - Accounts

Question
A journal entry is passed for trade discount, but no entry is passed for cash discount.
Correct False
Answer
Question The objectives of Uniform costing system are as follows :

Correct To fix a common selling price for the industry as a whole , To compare efficiency of each unit against industry's overall
Answer performance , To compile reliable cost data for inter-firm comparison of costs
Your Answer To fix a common selling price for the industry as a whole , To compare efficiency of each unit against industry's overall
performance , To compile reliable cost data for inter-firm comparison of costs
Question The lowest profit volume ratio can be ________%.
Correct 0
Answer
Question Under time rate system a worker is paid on the basis of production achieved by him in a given time.

Correct False
Answer
Question The balance as per bank book as on 30th November, 2004 was Rs.6,500/- and the bank pass book balance as on the
same date was Rs.8,015/-. Select the transactions representing the reasons for this difference.
Correct Cheques deposited but not cleared Rs.1,200/- , Unpresented cheques Rs.2,625/- , Bank interest not entered in the bank
Answer book Rs.90/-
Your Answer Cheques deposited but not cleared Rs.1,200/- , Unpresented cheques Rs.2,625/- , Bank interest not entered in the bank
book Rs.90/-
Question Accounts representing expenses will have ________balance.
Correct Debit
Answer
Question It is said that adoption of uniform costing creates customer confidence because . . .

Correct Prices are reliable

Answer
Question Purchases included an amount of Rs. 25,450/- representing purchase of computer. The rate of depreciation is 10% for
computers. Calculate the net effect of this transaction on the profitability statement.
Correct Net profit will increase by Rs.22,905/-
Answer
Your Answer Net profit will increase by Rs.22,905/-

Question Balance sheet indicates the financial status of the business at given period.

Correct True
Answer
Question Identify the steps involved in the process of decision making :
Correct Determination of the problem , Ascertainment of alternative courses of action , Screening each alternative so as to select
Answer the best one
Your Answer Determination of the solution , Ascertainment of alternative courses of action , Screening each alternative so as to select
the best one
Question Features of Sunk cost are . . .
Correct Indicates historical cost , Not relevant in decision making process , Incurred in past
Answer
Question Routing the purchase requisition through the purchase department entails unnecessary delay in receiving the required
materials.
Correct False
Answer
Question The annual variable production overheads of a factory are Rs.70,000/-. The production manager anticipates that in the next
year, the production efficiency will decrease by 4%. Find out budgeted production overheads for the next year.
Correct Rs.72,800/-
Answer
Question Identify the steps involved in selecting the optimum product mix, when the limiting factor is number of labour hours and
sales demand.
Correct For each product find the contribution per unit and per labour hour , Award ranks to each of the products based on
Answer contribution per limiting factor , Priority is given to fulfill the market demand of the product which gives maximum
contribution per labour hour.
Your Answer For each product find the contribution per unit and per labour hour , Priority is given to fulfill the market demand of the
product which gives maximum contribution per unit
Question Product costs under direct costing include:

Correct Prime cost and variable factory overheads

Answer
Your Answer Prime cost only

Question
The Balance Sheet method of cash budget ignores any excess or shortage of cash during the budget period.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS - Accounts
Select The Blank
Question
If the customer is not likely to pay the amount receivable from him, this amount should to be treated as ________.
Correct Answer Bad debts

Question These are the preventive costs of labour turnover.

Correct Answer Cost of maintaining good relations with the workers , Cost of medical services , Cost of welfare facilities

Question Judge the sentence in italics according to criteria given below : " It is difficult to adopt Uniform costing system when
a product can be manufactured by employing more than one method because the cost of production will vary
according to the method used."
Correct Answer The assertion and the reason are both correct

Question ________is the summary of all the balances in all the accounts listed in ledger account of an organization at any
given point of time.
Correct Answer Trial Balance

Question Loss on account of goods lost due to earthquake should be debited to which account?

Correct Answer Profit and loss account

Question It is very easy to measure the portion of increased sales which is due to expenditure incurred for advertisement of
the product
Correct Answer False

Question These are the replacement costs of labour turnover.

Correct Answer Inefficiency of new workers , Cost of selection and placement , Increased spoilage and defectives

Question The perpetual inventory system enables management to ascertain stock without physical verification.

Correct Answer True

Question The organization chart shows the following aspects :

Correct Answer Functional responsibility of different functional managers , Delegation of authority to various managers , Inter-
functional relationships of these managers
Question Commission payable to General Manager is 10 % of the net profits. If the net profit before charging commission is
Rs.29,200/-, then what will be the amount of his net profit after commission?
Correct Answer Rs.26,545.45

Your Answer Rs.29,200/-

Question Identify the variable expenses.

Correct Answer Repairs of plant when it is undertaken by an outside agency , Carriage inward by hired carriers , Wages paid to
casual workers
Question Accounting refers to the process of analyzing & interpreting the information already recorded in the books of
accounts.
Correct Answer True

Question Uniform Costing simplifies the work of wage boards of fixing minimum wages and fair wages.

Correct Answer True

Question Annual subscription paid by bank to the Chamber of Commerce on 31/03/04, as per the standing instructions, and
advise sent thereafter, may lead to:
Correct Answer Balance as per bank book > Balance as per pass book
Question Interest receivable is a________ for the organisation.
Correct Answer Current sset
Your Answer Long term asset
Question
All personal expenses of the owner should be debited to the organisation's profit and loss account.
Correct Answer False
Your Answer True
Question For a manufacturing company, dividend received is a non-operating income.
Correct Answer True
LIST OF ATTEMPTED QUESTIONS AND ANSWERS - Accounts
Select The Blank
Question
________ authorises the production department to issue requistion for materials.
Correct Answer Bill of material

Question Which system involves adoption of same costing principles, practices and procedures by the individual firms of an
industry ?
Correct Answer Uniform costing

Question Which of the following aspects are mainly responsible for difficulty in application of Uniform costing system.

Correct Answer Capital investment , Plant size , Location

Question ________ Accounting is the process of analysis and interpretation of financial data collected with help of financial
accounting & cost accounting.
Correct Answer Management

Question Receipts and payments method of cash budget is useful for preparing long term estimates.

Correct Answer False

Question Economical use of labour, materials and facilities can achieved with the help of ________.

Correct Answer Budgetary control

Question The system which provides an opportunity to the small units to take advantage of the research work taken by the large
scale units of the same industry is known as ________ system..
Correct Answer Uniform costing

Question The main advantages of profit sharing are :

Correct Answer Employees try to increase productivity , Incentives are shared by all the employees , Augments emplyees' efficiency

Question A business is an activity carried out with the intention of earning the profit.
:
Correct Answer True

Question In the adjustment entry passed for closing stock, the ________ account should be credited.

Correct Answer Trading

Your Answer

Question The difference between sales and cost of sales is termed as ________.

Correct Answer Answer Net Profit

Question Price based on Uniform Costing may be taken to be reliable and representative of the whole industry.

Correct Answer True

Question The integrated form of all functional budgets is known as

Correct Answer Master budget

Question Accounting is an art of recording, classifying & summarizing in a significant manner.

Correct Answer True

Question Malik started business by contributing cash Rs.50,000/- and his personal car worth Rs.25,000/-; thus his capital account
should be credited with Rs.75,000/-.
Correct Answer True
Your Answer
Question The greater the volume of production, the greater is the unit cost of production.

Correct Answer False

Your Answer True
Question If the profit of Y Ltd. is Rs.10,000/- and its profit volume ratio is 10%, then its margin of safety will be Rs.________.

Correct Answer
Question Correct Answer Your Answer

Global Tender Any supplier from the global market can fill Any supplier from the global market can fill the
the tender tender
Contribution - Fixed cost Tender from only one supplier Tender from only one supplier

Limited Tender Tenders from reliable but few suppliers Tenders from reliable but few suppliers

Open Tender Any supplier from the local market can fill the Any supplier from the local market can fill the
tender tender

LIST OF ATTEMPTED QUESTIONS AND ANSWERS - Accounts

Select The Blank
Question
The components of the selling and distribution cost budget are :
Correct Answer Distribution expenses , Publicity expenditure , Salary of sales-office workers

Question Interest receivable is a________ for the organisation.

Correct Answer Current sset

Question The balance sheet has three columns, viz. assets, liabilities and ledger folio.

Correct Answer False

Question Find the budget which is inadequate as a cost control technique :

Correct Answer Fixed budget

Question Accounting is an art of recording, classifying & summarizing in a significant manner.

Correct Answer True

Question Direct Cost includes

Correct Answer
Direct material , Direct labour , Direct expenses
Question The perpetual inventory system enables management to ascertain stock without physical verification.

Correct Answer True

Question Profitability statement indicates the amount of assets & liabilities.

Correct Answer False

Question Fundamentally, changes in price and changes in sales volume give rise to sales variances.
:
Correct Answer True

Question Overheads chargeable to a product, using direct labour cost basis, may be calculated by multiplying percentage of direct
labour cost and ________.
Correct Answer Direct labour cost of the product

Your Answer

Question Piece rate system is suitable when quality of goods produced is of extreme importance.

Correct Answer False

Question The objectives of cost accounting are :

Correct Answer Cost control , Ascertain ment of cost of each product , Assist in managerial decision-making

Question The greater the volume of production, the greater is the unit cost of production.

Correct Answer False

Question Balance sheet indicates the expenditure & income from the business.

Correct Answer False

Question Financial Accounting is
Correct Answer Designed to supply information to internal/ external users , Referred as 'Historical' form of accounting , Concerned with
financial factors
Your Answer
Question The closing stocks should ________ the cost of the goods which sent on approval basis.

Correct Answer Be increased by

Your Answer
Question Annual subscription paid by bank to the Chamber of Commerce on 31/03/04, as per the standing instructions, and advise
sent thereafter, may lead to:
Question Correct Answer Your Answer

Error of Principle Trial Balance does not get affected Wrong classification

Error of Omission Transaction is totally omitted Transaction is totally omitted

Error of commission Wrong Posting Wrong Posting

Compensating Error Wrong classification Trial Balance does not get affected

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Match The Following
Question Correct Answer Your Answer

Profit and loss account Commission received Contingent liabilities

Manufacturing account Work in Progress Commission received

Balance Sheet Land & Building Dividend paid

Trading account Closing stock of finished goods Land & Building

Select The Blank

Question Average stock = ________ + (Order size / 2).

Correct Answer Safety stock

Your Answer Maximum stock

Multiple Choice Single Answer

Question A cost incurred in the past and irrelevant for decision making is known as :-

Correct Answer Sunk cost

Your Answer Controllable cost

Select The Blank

Question One of the limitations of the budgetary control is that it ________.

Correct Answer Is an expensive affair

Your Answer Needs to be reviewed

Multiple Choice Multiple Answer

Question Material Yield variance -Rs.1,000/- (Adverse); material mix variance -Rs.250/- (Favourable) and materia
price variance - Rs.350/- (Favourable). Find material cost variance and material usage variance.
Correct Answer Material cost variance -Rs.400/- (Adverse) , Material usage variance -Rs.750/- , Material usage variance
adverse
Your Answer Material cost variance -Rs.400/- (Adverse) , Material usage variance -Rs.750/- , Material usage variance
favourable , Material usage variance is adverse
Multiple Choice Single Answer
Question A group of 10 men and 20 women workers were expected to produce 400 units of a product in an 8 hou
day. The standard hourly rate was fixed at Rs.25/- and Rs.15/-, respectively. Actually, a group of 15 men
and 10 women workers was deployed and paid for 8 hours a day at an hourly rate of Rs.22/- and Rs.18/
respectively. Two hours were wasted for the entire group due to power failure and only 300 units were
produced. Calculate labour rate variance.
Correct Answer Rs.120/- (Favourable)

Your Answer Rs.120/- (Favourable)

True/False
Question Indirect material cost is an integral part of finished goods.

Correct Answer False

Your Answer True

Multiple Choice Multiple Answer

Question The net profit before certain adjustments was Rs.95,040/-. After giving due effects to the adjustments, th
revised net profit (after considering the adjustments) is Rs.78,560/-. Select the adjustments which might
have brought this change.
Correct Answer Accrued commission income of Rs.32,960/- was not entered in the books , Rent for the month of March
was payable and yet to be recorded Rs.19,280/- , Repairs expenditure to the extent of Rs.30,160/- was
wrongly transferred to Machinery account
Your Answer Accrued commission income of Rs.32,960/- was not entered in the books , Rent for the month of March
was payable and yet to be recorded Rs.19,280/- , Rent for the month of March was receivable and yet to
be recorded Rs.19,280/- , Repairs expenditure to the extent of Rs.30,160/- was wrongly transferred to
Machinery account
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question Panna Ltd. temporarily has excess production capacity. The idle plant faculties can be used to
manufacture a low-margin item. The low-margin item should be produced if it can be sold for more
than its:-
Correct Variable costs
Answer
Your Answer Fixed costs

True/False
Question Linking overhead to a cost unit is known as overhead absorption.

Correct True
Answer
Your Answer True

True/False
Question Accounting is an art of recording, classifying & summarizing in a significant manner.

Correct True
Answer
Your Answer True

True/False
Question Treating capital receipt as revenue income is an example of errors of commission.

Correct False
Answer
Your Answer False

Multiple Choice Multiple Answer

Question Select the cases where convention of conservation is applied :-

Correct Closing stock is valued at cost or market price whichever is lower , Providing for discount on
Answer debtors , Amortization of goodwill (goodwill being written off to Profit and Loss Account)
Your Answer Closing stock is valued at cost or market price whichever is lower , Amortization of goodwill
(goodwill being written off to Profit and Loss Account) , Providing for discount on creditors

Match The Following

Question Correct Answer Your Answer

Normal Standards Considers past performance Considers past performance

Budgetary Control Points out efficiency/inefficiency Points out efficiency/inefficiency

Standard Costing Further probe and investigation Further probe and investigation

Current Standards Established for a shorter period Established for a shorter period

Multiple Choice Multiple Answer

Question The characteristics of a good wage system are :-

Correct Flexible , Economical to use , Easy to understand

Answer
Your Answer Flexible , Economical to use , Easy to understand

Multiple Choice Single Answer

Question Select the information to be considered before installing a costing system :-

Correct Labour intensity of the product

LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question All costs are controllable.

Correct False
Answer
Your Answer False

Multiple Choice Multiple Answer

Question From the following select the examples of errors of commission :-

Correct Sales recorded in the sales register as Rs.2,020/- instead of Rs.2,200/- , Received cash from
Answer Sham, credited to Ram's account , Paid transport charges, credited to transport charges account
Your Answer Received cash from Sham, credited to Ram's account , Paid transport charges, credited to
transport charges account , Sales recorded in the sales register as Rs.2,020/- instead of
Rs.2,200/-

True/False
Question Financial accounting may deal with the ascertainment of cost & calculation of profitability of the
individual product.
Correct False
Answer
Your Answer False

True/False
Question It is said that marginal costs are used primarily in guiding decisions that are yet to be made.

Correct True
Answer
Your Answer True

Match The Following

Question Correct Answer Your Answer

Ledger Maintain all types of accounts List of all types of accounts

Audit Reviewing internal control system Reviewing internal control system

Accounting Process of analyzing & interpretation Process of analyzing & interpretation

Journal Book of original entry Book of original entry

Multiple Choice Single Answer

Question The composition of selling costs is given below : salaries 4% of sales, traveling expenses 1.5% of
sales, and sales office 2% of sales. Find the amount of selling overheads if the sales are
Rs.120,000/-.
Correct Rs.9,000/-
Answer
Your Answer Rs.9,000/-

Select The Blank

Question The ________ books are preferred when the volume of transactions is very large.

Correct Subsidiary
Answer
Your Answer Journal

Select The Blank

Question The method of remuneration under which the workers are given in share in profits of the
organization, at a specified percentage, along-with their wages, is known as ________ method.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question Budgeted profit and loss account and budgeted balance sheet are also known as ________.

Correct Answer Master budget

Your Answer Master budget

Multiple Choice Single Answer

Question Compute actual total cost based on the data given below: Total standard cost (standard
material cost + standard labour cost) -Rs.19,633.33; labour rate variance-Rs.900/- (adverse);
material price variance -Rs.90/- (Favourable); material yield variance -Rs.700/- (Favourable);
labour yield variance -Rs.333.33 (Favourable).
Correct Answer Rs.19,410/-

Your Answer Rs.19,856.66

Match The Following

Question Correct Answer Your Answer

Ledger Maintain all types of accounts Maintain all types of accounts

Audit Reviewing internal control system Reviewing internal control system

Accounting Process of analyzing & Process of analyzing & interpretation

interpretation
Journal Book of original entry Book of original entry

Select The Blank

Question The selection of ________ may depend upon the various factors like characteristics of the
business organization, tax considerations, statutory requirements etc.
Correct Answer Accounting period

Your Answer Budget period

Select The Blank

Question Carriage charges paid for a new machine purchased if debited to carriage account would
affect the ________.
Correct Answer Machinery A/c and carriage A/c

Your Answer Machinery A/c and carriage A/c

Multiple Choice Multiple Answer

Question Identify the causes due to which the cost of labour may be high :-

Correct Answer Excess staffing , Lack of experienced and efficient personnel , High labour turnover

Your Answer Excess staffing , Lack of experienced and efficient personnel , High labour turnover

Multiple Choice Multiple Answer

Question The causes of idle time can be analyzed as :-

Correct Answer Administrative causes , Productive causes , Economic causes

Your Answer Administrative causes , Productive causes , Economic causes

Multiple Choice Multiple Answer

Question Plant and equipment can become a key factor in the following circumstances :-
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question Select the correct formulae for calculating break even point :-

Correct Answer Fixed cost / (Selling price per unit - Variable cost per unit) , [Fixed cost / Marginal
contribution] X Sales , [Fixed cost / (Fixed cost + Net Profit)] X Sales
Your Answer Fixed cost / (Selling price per unit - Variable cost per unit) , [Fixed cost / Marginal
contribution] X Sales , [Fixed cost / (Fixed cost + Net Profit)] X Sales

True/False
Question Amortization of goodwill should be considered while preparing cash budget.

Correct Answer False

Your Answer True

Select The Blank

Question A ________ note is prepared when excess material is returned to stores.

Correct Answer Material returned

Your Answer Material returned

Multiple Choice Single Answer

Question M Ltd. manufactures three products P, Q and R. The unit selling price of these products are
Rs.100/-, Rs.80/- and Rs.50/-, respectively. The corresponding unit variable costs are
Rs.50/-, Rs.40/- and Rs.20/-, respectively. The quantity wise proportion in which these
products are manufactured and sold are 20%, 30% and 50%, respectively. The total fixed
costs are Rs.14,80,000/-. You are required to work out the overall break even point quantity
for M Ltd.
Correct Answer 40,000 units

Your Answer 90,000 units

Multiple Choice Multiple Answer

Question Items debited to Profit & Loss Account are :-

Correct Answer Salary , Discount allowed , Postage & telegram

Your Answer Salary , Purchases of raw material , Postage & telegram

Multiple Choice Multiple Answer

Question Features of convention of conservation are :-

Correct Answer Anticipates all future losses and expenses , Ignores all future incomes and profits, unless
they are actually realized , Applicable to valuation of current assets
Your Answer Anticipates all future losses and expenses , Ignores all future incomes and profits, unless
they are actually realized , Applicable to valuation of current assets

Select The Blank

Question The variance which measures the profit consequences of selling different products in
proportions other than the standard, is known as ________ variance.
Correct Answer Sales margin mix

Your Answer Sales margin yield

Multiple Choice Single Answer

Question The cost behaviour patterns for a company is as follows : Activity level: 500 units, the total
cost is Rs.2,500/-; Activity level : 700 units, the total cost is Rs.3,100/-; Activity level: 900
units, the total cost is Rs.4,600/- If fixed cost remains unchanged throughout all activity
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question The data for XYZ Ltd. is as follows : Fixed assets Rs.60,000/-; total cost Rs.105,000/-; working capital is equal
to 25% of the sales value. The company expects 25% return on capital employed. Capital employed is equal
to fixed assets plus working capital. Select the correct answers:-
Correct Answer Working capital Rs.32,000/- , Sales Rs.128,000/- , Return on capital employed

Your Answer Sales Rs.128,000/- , Return on capital employed , Working capital Rs.32,000/-

Multiple Choice Multiple Answer

Question In which of the following situations, the flexible budget should be preferred?

Correct Answer Sales are too difficult to predict , Supply level of input cannot be predicted , Varying levels of production
activity
Your Answer Sales are too difficult to predict , Supply level of input cannot be predicted , Varying levels of production
activity

Select The Blank

Question While preparing trial balance, the balance as per ________ book is considered as bank balance.

Correct Answer Bank

Your Answer Bank

Multiple Choice Single Answer

Question Tom company has sales of Rs.200,000/- with variable expenses of Rs.150,000/-, fixed expenses of
Rs.60,000/-, and an operating loss of Rs.10,000/-. By how much would Tom have to increase its sales in order
to achieve an operating income of 10% of sales?
Correct Answer Rs.200,000/-

Your Answer Rs.200,000/-

Match The Following

Question Correct Answer Your Answer

Received sanction for a loan of Rs.10 Overdraft as per bank book = Overdraft Henceforth, there shall be no difference in
lakhs as per pass book overdraft balances
Closed the account with State Bank of Henceforth, there shall be no difference in Overdraft as per bank book = Balances per
India overdraft balances pass book
Debit side of bank book is overcast Overdraft as per bank book < Overdraft Overdraft as per bank book < Overdraft as
as per pass book per pass book
Interest on debentures directly credited by Overdraft as per bank book > Overdraft Overdraft as per bank book = Overdraft as
bank as per pass book per pass book

Select The Blank

Question It is the ________ method of measuring labour turnover which is a combination of separation method and
replacement method.
Correct Answer Flux

Your Answer Flux

Multiple Choice Single Answer

Question The following information is available regarding two orders for the same product. Order I : material
Rs.20,000/-; wages Rs.25,000/-; selling price Rs.120,000/- and percentage of profit on cost 20%. Order II :
material Rs.30,000/-; wages Rs.40,000/-; selling price Rs.195,000/- and percentage of profit on cost 25%.
Factory overheads are charged on a fixed percentage basis on wages and office overheads are based on
percentage to works cost. Find out percentage of office overheads.
Correct Answer 100% of works cost

Your Answer 100% of works cost

Multiple Choice Single Answer

Question Cool-wind Ltd., manufactures fans, which sold at Rs.400 pre piece. The cost of sales is composed of 40% of
direct material, 30% wages and 30% overheads. An increase in material price by 25% and in wage rate by
10% is expected in the forthcoming year; as a result of which the profit at current selling price may dwindle by
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question A firm earns profit when contribution is equal to fixed costs under variable costing.

Correct False
Answer
Your Answer True

Multiple Choice Multiple Answer

Question Features of convention of consistency are :-

Correct The accounting policies and procedures should be followed consistently , Facilitates the
Answer comparison of financial statements , It facilitates comparison of financial statements on period-to-
period basis
Your Answer Facilitates the comparison of financial statements , The accounting policies and procedures
should be changed consistently. , It facilitates comparison of financial statements on period-to-
period basis , The accounting policies and procedures should be followed consistently

Select The Blank

Question The variance which measures the profit consequences of selling different products in proportions
other than the standard, is known as ________ variance.
Correct Sales margin mix
Answer
Your Answer Sales margin yield

Multiple Choice Single Answer

Question SRR Ltd. producing a single product, sells it at Rs.50/- per unit. Unit variable cost is Rs.35/- and
fixed costs amounts to Rs.12,00,000/- per annum. Calculate the increase in sales required if
profits are to be increased by Rs.2.4 lakhs
Correct Rs.800,000/-
Answer
Your Answer Rs.800,000/-

Match The Following

Question Correct Answer Your Answer

Advantageously applicable in similar Scope of uniform costing Fields covered by uniform costing
industries
Spirit of mutual trust Requisite for uniform costing Scope of uniform costing

Avoids cut throat competition Advantage of uniform costing Requisite for uniform costing

Treatment given to research and Fields covered by uniform costing Disadvantage of uniform costing
development costs

True/False
Question Long term loan borrowed from financial institution comes under the heading of long term liabilities.

Correct True
Answer
Your Answer True

Select The Blank

Question Baum Differential Plan is a combination of Taylor's differential piece rate system and Halsey
system and is also known as ________.
Correct Milwankee plan
Answer
Your Answer Milwankee plan

Multiple Choice Single Answer