S.Y. B.COM
SEMESTER - 3
ACCOUNTING AND FINANCE FOR SERVICES
(AFS)
MCQs - SEPTEMBER - 2016
1. ALOS is calculated always in
(A) Rupee
(B) Percentage (%)
(C) Days
(D) None of the above
2. Average occupancy rate is 80%, then Rev PAR would be:
(A) Equal to average daily rate
(B) Less than average daily rate
(C) More than average daily rate
(D) Both (A) & (B)
3. Number of room available in a hotel is 100, RevPAR is Rs.300 for 65 days and ocupancy rate is 80%. What would be average daily rate ?
(A) Rs. 275
(B) Rs. 300
(C) Rs. 375
(D) Rs. 325
4. Food cost in hotel industry is equal to:
(A) Cost of Foods consumed less meals provided to staff
(B) Material Cost
(C) Opening stock + purchases of ingredients - closing stock
(D) Both (A) & (B)
5. A Hotel arranged a banquet for 500 persons. Total taking for 500 persons charged by hotel is Rs.5,000. Cost for 500 persons is Rs. 35,000. What will be charge per person?
(A) Rs. 100
(B) Rs. 70
(C) Rs. 170
(D) Rs. 30
6. Construction costs that relate directly to a specific preject do not inclue:
(A) Costs of hiring plant and equipment
(B) Cost of material used
(C) Depreciation of idle plant and equipment
(D) None of these
7. Work Certified includes
(A) Only profit element
(B) Costs plus profit elements
(C) Only cost element
(D) None of these
8. National profit is estimated profit that equals to:
(A) Work certified + Work uncertified -Expenditure till date
(B) Contract price minus expenditure till date
(C) Work certified minus expenditure till date
(D) Profit till date minus expenditure till date
9. ________ is/are not considered for calculating percentage of completion in contract accounting.
(A) Work certified
(B) Work uncertified
(C) Both (A) & (B)
(D) None of these
10. Net revenue per patient is equal to
(A) Net revenue / No. of patients
(B) Net revenue/ No. of out patients
(C) Net revenue/ No. of in patients
(D) None of these
11. ________ is a control room which deals with guest reservations, registrations, account settlement (cash) and checking in/out guests.
(A) Food & Beverages
(B) Front office
(C) Game Zone
(D) House keeping
12. Accounting framework is:
(A) Same in service sector as well as manufacturing sector
(B) Different in service sector as well as manufacturing sector
(C) Helpful only in recording accounting transactions in service sector
(D) None of the above
13. Guest's financial transactions are recorded into _________ to assist in taking guests account balance.
(A) Cash book
(B) Bank book
(C) Guest's ledger
(D) Creditor's ledger
14. Job costing is _________.
(A) Specific work order
(B) Executed as per customized manner
(C) Both (A) and (B)
(D) None of these
15. Which of the following is/are healthcare provider / providers?
(A) Hospital
(B) Homes for the aged and those needing continuing care
(C) Biomedical research organisation
(D) All of the above
16. If the average daily rate is Rs.4,000 and room revenue is Rs.3,40,000, then what would be number of rooms sold?
(A) 1,700
(B) 680
(C) 4,000
(D) None of these
17. In accounting of real estate developers, which of the following costs should be considered part of construction costs and development costs?
(A) Land conversion costs
(B) Site labour cost including site supervision
(C) Depreciation of plant & equipment used
(D) All of these
18. As per revenue recognition AS-9, which method is adopted for recognizing revenue in case of installation fees?
(A) Proportionate completion method
(B) completed service contract method
(C) Both (A) & (B)
(D) None of the above
19. Which is/are elements of cost in a hotel?
(A) Food cost
(B) Salaries
(C) electricity Charges
(D) All of these
20. Find out RevPAR?
Total rooms = 500,
Average room rate = Rs 1,500,
Average upancy = 75%,
Period days = 90 days
(A) Rs. 1,000
(B) Rs. 1,125
(C) Rs. 1,150
(D) Rs. 1,200
(21) Interpret the following case:
If management decided Rs.800 as a standard for capital employed invested per bed day and actual capital employed invested per bed day is Rs 776.26 then the hospital is
(A) Efficient
(B) Inefficient
(C) Either (A) or (B)
(D) None of these
22. Contract price is considered from contractor point view then is consists of:
(A) Cost plus profit
(B) Total revenue from the contract
(C) Both (A) & (B)
(D) Only (A)
23. Higher ALOS means:
(A) Lower efficiency but good quality of services
(B) Higher efficiency and good quality of sevices
(C) Good quality of services but poor image of the hospital
(D) Lower efficient and poor quality of services
24. Which basic operating ratios are generally calculated for Inpatient department?
(A) ALOS & Occupancy rate
(B) ALOS & Net revenue per patient
(C) Both (A) & (B)
(D) None of these
25. Multiple occupancy ratio =
(A) No. of rooms occupied by more than
one guest / No. of rooms occupied
(B) No. of rooms occupied by guest No. of foreign guest/No. of rooms occupied
(C) Room revenue/Volume
(D) None of the above
26. Which is/are not the nature of services
(1) Intangibility
(2) Inseparability
(3) Heterogeneity
(4) Homogeneity
(A) 1.2
(B) 1, 2, 3
(C) 4 only
(D) None of these
27. What is the full form of WTTC?
(A) World travel and tourism council
(B) World trade and tariff committee
(C) World trade and Trading committee
(D) World travel and tourism committee
28. From the following information, calculate the amount to be transferred to P&L a/c if completion is 87.8% National profit Rs.4,19,510, Cash Received Rs.71,91,000, Work certified Rs.79,90,000, Work Uncertified Rs 14,840.
(A) Rs. 2,51,706
(B) Rs. 7,06,252
(C) Rs. 4,80,000
(D) None of these
29. Calculate profit from rooms from following information:
Sales (Rooms) Rs.2,250, Employee Benefit (Rooms) Rs.250, Glassware (Rooms) Rs.75 and Guest supplies (Rooms) Rs.95.
(A) Rs. 2,500
(B) Rs. 1,925
(C) Rs. 1,830
(D) Rs. 2.080
30. Fixed assets Rs.75 Lakhs, Current assets Rs. 25 Lakhs, Current liabilities Rs. 15 Lakhs and Beds capacity is 30 day. Calculate capital employed invested per bed day capacity.
(A) Rs. 776.26
(B) Rs. 787.04
(C) Rs. 684.93
(D) Rs. 547.96
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