Top 150+ Solved Accounting for Management MCQ Questions Answer
Q. The following is a recorded fact
a. market value of investment
b. debtors
c. replacement cost
d. none
Q. The term current assets does not include
a. payment in advance
b. bills receivable
c. long term deferred charges
d. none of these
Q. In case of a limited company, the term financial statements includes………
a. profit and loss account
b. profit and loss account, profit and loss appropriation account and balance sheet
c. balance sheet
d. none
Q. Assets and liabilities in a Balance sheet may be arranged in the order of …..
a. liquidity
b. permanence
c. both of these
d. none of these
Q. Income statement matches the …………… incurred in the accounting year
a. revenue and costs
b. incomes and expenses
c. both of these
d. none of these
Q. …………..are statements of financial position at different periods
a. comparative statements
b. common size statements
c. both of these
d. none
Q. An increase in current asset accompanied by the increase in currentliabilities of the same amount will…………………
a. improve short term financial position
b. not improve short term financial position
c. improve long term financial position
d. none of these
Q. Which among the following is an example for horizontal analysis ?
a. comparative balance sheet
b. comparative income statement
c. common size statements
d. a & b
Q. If the Gross sales of a concern is Rs.200000 and sales return is 20000,Gross profit is 150000.cost of goods sold is……………………..
a. 150000
b. 30000
c. 50000
d. none of these
Q. Given opening stock is Rs.20000, Direct expenses 10000, Closing stock5000.Cost of goods sold is ……………………
a. 25000
b. 35000
c. 15000
d. 20000
Q. Ratio of Net sales to Net working capital is a ………………………..
a. working capital turnover ratio
b. profitability ratio
c. liquidity ratio
d. none of these
Q. Observing changes in financial analysis across the years is ……………
a. vertical analysis
b. horizontal analysis
c. inter firm comparison
d. none of these
Q. Ratio of net profit before interest and tax to sales is ……………….
a. operating profit ratio
b. operating ratio
c. capital gearing
d. solvency ratio
Q. The statistical yardstick that provides a measure of relationship betweentwo accounting figures is ……………………
a. current ratio
b. the accounting ratio
c. input output ratio
d. none of these
Q. ……………….is a statement which lists all the sources of funds andapplications of funds taken place in a business during a particular period
a. fund flow statement
b. cash flow statement
c. any of these
d. none of these