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Q. Responsibility accounting is used for ……………….

Q. Which of the following is a period cost?

Q. ………………..is the excess of sales over marginal cost of sales

Q. ……………explains what has happened to a business unit as a result of operations between two balance sheet dates.

Q. …………statement shows changes in financial position and hence dynamic in nature

Q. When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………

Q. Given opening stock is Rs.20000, Direct expenses 10000, Closing stock 5000.Cost of goods sold is ……………………

Q. ………….analysis is useful in comparing performance of several companies in the same group, or division or department of the same company.

Q. ……………is concerned with providing information to management for taking managerial decisions.

Q. ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.