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If you drink the mud water, you will surely test it before buying it. Why? Because if there is a very small hole in it, it will be leakage of my water. So, buying of this container will be waste of my money. So, I will never buy. For this test, I will add water in same container and watch it for checking the leakage. If there is no leakage, there will be all water in same container. Test is must. You as a student, is also a mud container. I as a teacher, I will take test. With this test, you will become strong because you can improve your mistake. That will help to achieve your goals. So, if you have bought and read our Cost Accounting eBook, you can give test and send me your answers at my email vinod@svtuition.org  . I will check it and tell your performance totally free of cost.

1. Cost accounting is

a) To maximize profit by giving less payment of bills.
b) To determination and control of cost.
c) A knowledge to investigation of cheaters of business
d) To give reward to employees on their recorded work.

2. Which is the base

a) Financial accounting is the base of cost of accounting
b) Cost accounting is the base of financial accounting
c) Both are independent
d) Both are inter-dependent

3. Calculating the cost of 1000 bricks is a

a) Job costing
b) Contract costing
c) Batch costing
d) process costing

4. Re-ordering level is used for

a) Determination the cost of material
b) Determination the quantity of scrap material
c) Determination the quantity of best material
d) Control on the cost of material

5. Full form of EOQ is

a) Economic order quantity
b) Equipment order quantity
c) Easy order quantity
d) Employment order quantity

6. Maximum level of inventory is

a) Which we have to sell
b) Which we have to keep in store
c) Which we have to sell in scrap
d) Which we have to use for calculating depreciation

7. LIFO

a) Lost information, fix order
b) Late information, Fix order
c) Last in, First out
d) Last information, first out

9. Job costing is the method of calculating cost

a) Each small work
b) Each batch
c) Each contract
d) Each process

10.Work Uncertified means

a) Work was not completed
b) Work was completed but not certified by authority
c) Work is available for completing on the basis of bribe
d) Work was completed but certified by wrong authority

If you want to clear this test, you need to buy our Cost Accounting eBook or Enroll Our Online Accounting Course.

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Accounting Education: Cost Accounting Online Test Out of Our Whole Cost Accounting eBook
Cost Accounting Online Test Out of Our Whole Cost Accounting eBook