Top 150+ Solved Accounting for Management MCQ Questions Answer
Q. …………….is the amount of expenditure [actual or notional] incurred on orattributable to a given thing.
a. expenses
b. costing
c. cost
d. none of these
Q. ………………..is the technique and process of ascertaining costs
a. cost
b. costing
c. cost accounting
d. none of these
Q. ………..is the process of accounting for cost which includes the applicationof cost control methods and ascertainment of profitability of activities
a. cost
b. costing
c. cost accounting
d. none of these
Q. Which among the following is not a management accounting technique?
a. standard costing
b. marginal costing
c. project appraisal
d. none
Q. ………..Accounting is concerned with historical data
a. cost accounting
b. management accounting
c. financial accounting
d. none
Q. ……………..is the process of identifying the financial strengths andweakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account
a. financial statements
b. financial analysis
c. trend analysis
d. all of these
Q. ……………explains what has happened to a business unit as a result ofoperations between two balance sheet dates.
a. income statement
b. profit and loss account
c. both of these
d. none
Q. The analysis done by investors , credit agencies , government agencies andother creditors who have no access to the internal records of a company is known as ……………..
a. internal analysis
b. horizontal analysis
c. external analysis
d. none of these
Q. The analysis done by persons who have access to the books of account andother information related to the business is termed as……………
a. internal analysis
b. horizontal analysis
c. external analysis
d. none of these
Q. In ………………..type of analysis , financial statements for a number ofyears are reviewed and analyzed.
a. internal analysis
b. horizontal analysis
c. external analysis
d. none of these
Q. ……………..type of analysis is based on the data from year to year ratherthan on one date, and also termed as dynamic analysis.
a. internal analysis
b. horizontal analysis
c. external analysis
d. none of these
Q. ………….analysis is useful in comparing performance of several companiesin the same group, or division or department of the same company.
a. vertical analysis
b. horizontal analysis
c. external analysis
d. none of these
Q. ………………. are prepared so as to provide time perspective to theconsideration of various elements of financial position embodied in such statements.
a. comparative statements
b. common size statements
c. both of these
d. none
Q. ……………….are the statements, in which figures reported are converted intopercentages to some common base.
a. comparative statements
b. common size statements
c. both of these
d. none
Q. The term fixed assets includes
a. stock in trade
b. furniture
c. payments in advance
d. all of these