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Q. …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.

Q. ………………..cost remains constant per unit of output irrespective of the level of output and thus fluctuates directly in proportion to changes in the volume of output

Q. The objective of financial accounting is to find out…………………..

Q. The Profit/Volume ratio or marginal ratio expresses the relation of ………… to sales.

Q. Net profit earned plus non working capital expenses is equal to …………..

Q. ………are short term , highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value.

Q. Which of the following is a period cost?

Q. The basic function of Management Accounting is to ……………………….

Q. ……………….is a statement which lists all the sources of funds and applications of funds taken place in a business during a particular period

Q. ……………..is a tool of management for financial analysis and helps in making decisions.