The budget which commonly takes the form of budgeted Profit and Loss Account and Balance Sheet is

Related MCQs

• Match the columns (i) Activity Ratio -------------------- i) (Actual hours worked / Budgeted hours) * 100 (ii) Capacity Ratio ------------------ ii) (Standard hours of actual production / Actual hours worked) * 100 (iii) Efficiency Ratio ----------------- iii) (Standard hours for actual output / Budgeted hours) * 100
• A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as -
• Which of the following is a budget designed to furnish budgeted costs for any level of activity attained
• The ratio which depicts the relationship between two items, one of which is drawn from the Balance Sheet and the other from the revenue account
• The form of balance sheet is
• Profit and Loss Account debit side includes
• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?
• R&D budget and Capital expenditure budget are examples of