A. cost document
B. priced document
C. source document
D. direct document
Related Mcqs:
- The costing system, which omits some of the journal entries in accounting system is known as ____________?
A. in-time costing
B. trigger costing
C. back flush costing
D. lead time costing - The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as _________?
A. chaining point
B. recording point
C. lead point
D. trigger point - The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?
A. economic accounting
B. back-flush accounting
C. lean accounting
D. lead accounting - In accounting system, a document which consists of all assigned cost for specific job is classified as __________?
A. job cost record
B. job cost sheet
C. source document
D. both a and b - An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?
A. external accounting
B. internal accounting
C. business accounting
D. financial accounting - In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method - An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?
A. unadjusted budget rate approach
B. adjusted allocation rate approach
C. unadjusted allocation rate approach
D. adjusted budget rate approach - In financial accounting, the investors, banks, suppliers and government agencies are classified as _____________?
A. external parties
B. internal parties
C. environmental parties
D. transactional parties - In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as ____________?
A. under allocated indirect cost
B. over allocated direct cost
C. over allocated budget
D. under allocated budget - In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?
A. over allocated budget
B. under allocated budget
C. under allocated indirect cost
D. over allocated direct cost
