✅ DISPOSAL PROCEDURES – 50 MCQs (Railway Stores Accounting)
Q1. Disposal of stores refers to:
A. Purchase of stores
B. Issue of stores
C. Sale or removal of unserviceable stores
D. Storage of materials
Q2. Stores are disposed when they are:
A. New
B. Serviceable
C. Unserviceable/obsolete
D. Expensive
Q3. Disposal includes:
A. Sale
B. Auction
C. Scrap
D. All
Q4. Authority for disposal is given by:
A. Store keeper
B. Competent authority
C. Vendor
D. Clerk
Q5. Disposal value is usually based on:
A. Ledger rate
B. Market rate
C. Scrap value
D. Replacement cost
Q6. Disposal helps in:
A. Clearing space
B. Recovering value
C. Reducing carrying cost
D. All
Q7. Scrap is:
A. Useful material
B. Obsolete material
C. Waste material
D. New stock
Q8. Disposal of scrap is done through:
A. Purchase
B. Auction
C. Issue
D. Storage
Q9. Before disposal, stores are:
A. Verified
B. Inspected
C. Classified
D. All
Q10. Disposal proceeds are treated as:
A. Expense
B. Income
C. Liability
D. Asset
Q11. Numerical: Scrap sold for ₹5,000, book value ₹4,000 → gain?
A. ₹500
B. ₹1000
C. ₹1500
D. ₹2000
Q12. Numerical: Scrap sold ₹3,000, book value ₹4,000 → loss?
A. ₹500
B. ₹1000
C. ₹1500
D. ₹2000
Q13. Disposal requires:
A. Approval
B. Documentation
C. Recording
D. All
Q14. Auction is used for:
A. Purchase
B. Disposal
C. Storage
D. Issue
Q15. Obsolete items are:
A. New
B. Damaged
C. No longer useful
D. Expensive
Q16. Disposal reduces:
A. Inventory
B. Cost
C. Storage space
D. All
Q17. Numerical: 100 units scrap @₹10 → total value?
A. ₹500
B. ₹1000
C. ₹1500
D. ₹2000
Q18. Disposal entry is recorded in:
A. Ledger
B. Cash book
C. Both
D. None
Q19. Scrap value is generally:
A. High
B. Low
C. Equal to cost
D. Zero
Q20. Disposal must be:
A. Transparent
B. Competitive
C. Fair
D. All
Q21. Disposal is part of:
A. Inventory control
B. Costing
C. Accounting
D. All
Q22. Numerical: Scrap 200 units @₹5, cost ₹8 → loss per unit?
A. ₹2
B. ₹3
C. ₹4
D. ₹5
Q23. Disposal of high-value items requires:
A. Higher approval
B. No approval
C. Store keeper decision
D. Vendor approval
Q24. Scrap is classified as:
A. Asset
B. Waste
C. Liability
D. Income
Q25. Disposal ensures:
A. Efficient use of space
B. Recovery of value
C. Control
D. All
Q26. Numerical: Book value ₹10,000, sale ₹12,000 → profit %?
A. 10%
B. 20%
C. 15%
D. 25%
Q27. Disposal is recorded by:
A. Debit entry
B. Credit entry
C. Adjustment
D. Ignore
Q28. Scrap disposal proceeds go to:
A. Income
B. Expense
C. Liability
D. Asset
Q29. Disposal is done through:
A. Tender
B. Auction
C. Sale
D. All
Q30. Numerical: Scrap sold ₹8000, cost ₹10,000 → loss %?
A. 10%
B. 20%
C. 25%
D. 30%
Q31. Disposal of stores must be:
A. Documented
B. Approved
C. Recorded
D. All
Q32. Disposal reduces:
A. Inventory level
B. Carrying cost
C. Storage cost
D. All
Q33. Scrap is valued at:
A. Cost
B. Market value
C. Scrap value
D. Replacement cost
Q34. Numerical: 50 units scrap @₹20 → total?
A. ₹500
B. ₹1000
C. ₹1500
D. ₹2000
Q35. Disposal helps in:
A. Space management
B. Cost recovery
C. Efficiency
D. All
Q36. Disposal must follow:
A. Rules
B. Procedures
C. Guidelines
D. All
Q37. Scrap sale is recorded as:
A. Expense
B. Income
C. Liability
D. Asset
Q38. Numerical: Book ₹5000, sale ₹4500 → loss?
A. ₹400
B. ₹500
C. ₹600
D. ₹700
Q39. Disposal ensures:
A. Transparency
B. Fairness
C. Accountability
D. All
Q40. Obsolete stock is disposed to:
A. Use again
B. Sell
C. Store
D. Ignore
Q41. Disposal entry reduces:
A. Asset
B. Liability
C. Income
D. Expense
Q42. Disposal proceeds increase:
A. Asset
B. Liability
C. Expense
D. Loss
Q43. Numerical: Scrap 300 units @₹4 → value?
A. ₹1000
B. ₹1200
C. ₹1500
D. ₹1800
Q44. Disposal requires proper:
A. Authorization
B. Documentation
C. Accounting
D. All
Q45. Disposal is necessary for:
A. Efficient inventory
B. Cost control
C. Space management
D. All
Q46. Scrap is generated due to:
A. Damage
B. Wear and tear
C. Obsolescence
D. All
Q47. Disposal affects:
A. Profit
B. Cost
C. Inventory
D. All
Q48. Disposal must be:
A. Random
B. Controlled
C. Ignored
D. Hidden
Q49. Disposal is recorded at:
A. Cost
B. Scrap value
C. Market value
D. Replacement cost
Q50. Disposal procedures are backbone of:
A. Inventory management
B. Cost control
C. Financial discipline
D. All
✅ ANSWER KEY (1–50)
1-C, 2-C, 3-D, 4-B, 5-C
6-D, 7-C, 8-B, 9-D, 10-B
11-B, 12-B, 13-D, 14-B, 15-C
16-D, 17-B, 18-C, 19-B, 20-D
21-D, 22-B, 23-A, 24-B, 25-D
26-B, 27-B, 28-A, 29-D, 30-B
31-D, 32-D, 33-C, 34-B, 35-D
36-D, 37-B, 38-B, 39-D, 40-B
41-A, 42-A, 43-B, 44-D, 45-D
46-D, 47-D, 48-B, 49-B, 50-D
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