Which of the following statements is false ?

Related MCQs

• Which of the following statements is / are true with regard to flexible budgeting?
• ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value : Month Rs. April 2014 2,50,000 May 2014 2,80,000 June 2014 3,20,000 July 2014 3,50,000 20% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale. The estimated cash receipts in the month of June 2014 are:
• The CIMA definition of zero-based budgeting is set out below, with two blank sections. "Zero-based budgeting: A method of budgeting which requires each cost element ____________, as through the activities to which the budget relates ____________." Which combination of two phrases correctly complete the definition?
• Which of the following is not function of Cost Accounting
• Which of the following would not be considered a fixed cost
• Which of the following is not an example of variable cost
• Which of the following costs will vary directly with the level of production
• Which of the following is / are true with regard to the period of budget? i) the budget period depends on the nature of industry ii) master budget is prepared annually while functional budget may be for different periods iii) Basic budget is the long term budget
• Which of the following are purpose of a budget? i) Establishing strategic options ii)Motivating management iii) Establishing long term objectives iv) Planning operations
• Which of the following is normally the most appropriate sequence of events in the preparation of the indicated budgets?