………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.

Related MCQs

• In this technique of selective control, materials are analysed according to their value so that costly and more valuable materials are given greater attention and care
• A technique of inventory control where materials are analyzed according to their values so that costly and more valuable materials are given greater attention and care.
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• The following details have been extracted from the debtors collection records of X limited: Invoices paid in the month after sale 60% Invoices pain in the second month after sale 20% Invoices paid in the third month after sale 15% Bad debts 5% Credit sales for June to August 2014 or budgeted as follows: June Rs. 1,00,000 July Rs. 1,50,000 August Rs. 1,30,000 customers pain in the month after sale are entitled to deduct a 2% cash discount. Invoices are issued on the last day of the month. The amount budgeted to be received in September 2014 from credit sales is
• …………………. Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.
• Wages under this system is paid for the time worked irrespective of the volume of production during that time
• Which of the following items should be included in a cash budget? (i) Loan repayments (ii) depreciation charges (iii) tax provision (iv) wages paid
• A company has the following budget for the six month: Finished product Materials Sales - 7,000 units Usage per unit - 3 kg Production units - 7200 units Opening stock - 400 kg Closing stock - 500 kg What is the material purchase budget for the month?
• In Entry under Integrated System for Credit purchase of material for stock, Stores Ledger Control is ____________.