61. The technique of standard costing may not be applicable in case of:
62. The method of costing applied in biscuit industries is . . . . . . . . costing and in steel industry . . . . . . . . costing.
63. When . . . . . . . . is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
64. Match the items of the following two lists:
List-I
List-II
a. Statement of changes in working capital
1. Cash flow statement
b. Deferred tax
2. Fixed assets
c. Three activities
3. Funds flow statement
d. Impairment loss
4. Balance sheet
| List-I | List-II |
| a. Statement of changes in working capital | 1. Cash flow statement |
| b. Deferred tax | 2. Fixed assets |
| c. Three activities | 3. Funds flow statement |
| d. Impairment loss | 4. Balance sheet |
65. Cost of production is
66. Under inflationary conditions a higher value of inventory is assigned under:
67. The cause of increase in cost per unit under process costing is
68. Under the inflationary conditions, the value of closing stock will be highest under the:
69. According to which of the following methods of valuation, issuances are linked to current economic prices?
70. . . . . . . . . is the oldest branch of accounting.
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