An example of a Semi-Variable Cost is: MCQ with Answer and Explanation

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An example of a Semi-Variable Cost is:

A. Telephone Bill

B. Factory Rent

C. Direct Material

D. Insurance Premium

Answer: Option A

Solution (By JKSSB Mock Tests)

A telephone bill typically has a fixed rental component plus a variable component based on call volume.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Practice More Accountancy and Book Keeping Questions

Question #1

The primary objective of PFMS in India is to facilitate:

A. Collection of corporate taxes

B. Stock market regulation

C. Just-in-time release of funds and end-to-end tracking of public funds

D. Printing of currency notes

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Correct Answer: Option C

Explanation:
PFMS ensures transparency, tracking of fund utilization down to the lowest level, and Direct Benefit Transfers directly into beneficiaries' accounts.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The 'Rights Issue' is offered to:

A. Public

B. Promoters

C. Existing shareholders in proportion to their holding

D. Employees

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Correct Answer: Option C

Explanation:
Rights shares are offered to existing equity shareholders on a pro-rata basis.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

Which ratio measures the firm's ability to meet its short-term obligations?

A. Inventory Turnover Ratio

B. Current Ratio

C. Return on Investment

D. Debt-Equity Ratio

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Correct Answer: Option B

Explanation:
Current Ratio (Current Assets / Current Liabilities) is a primary liquidity ratio testing short-term solvency.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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