Top 150+ Solved Accounting for Management MCQ Questions Answer
Q. …………….assets are those which in the ordinary course of business can beconverted into cash within a short period of time.
a. current
b. non current
c. both of these
d. none of these
Q. ………..liabilities are those which are intended to be paid in the ordinarycourse of business within a short period.
a. current
b. non current
c. both of these
d. none of these
Q. Goods purchased for cash. This transaction involves…………..
a. flow of fund
b. no flow of fund
c. both of these
d. none of these
Q. Which among the following transaction involves no flow of fund ?
a. redemption of debentures
b. purchase of fixed assets
c. issue of debentures for cash
d. conversion of debentures into shares.
Q. Which among the following transaction involves flow of fund ?
a. cash paid to creditors
b. payment of bills payable
c. raising of short term loans
d. raising of long term loans
Q. While preparing ……………statement, both capital and revenue items areconsidered.
a. fund flow statement
b. income statement
c. both of these
d. none of these
Q. ……………..is a tool of management for financial analysis and helps inmaking decisions.
a. fund flow statement
b. balance sheet
c. income statement
d. none of these
Q. …………statement shows changes in financial position and hence dynamicin nature
a. fund flow statement
b. balance sheet
c. income statement
d. none of these
Q. Increase in Accounts payable when compared to previous year results in…………….of working capital
a. increase
b. decrease
c. no change
d. none of these
Q. Decrease in Working capital constitutes …………………
a. source of fund
b. application of funds
c. neither source nor application
d. none of these
Q. …………….is the dividend paid to the members of a company during afinancial year before the finalization of annual accounts.
a. bonus
b. final dividend
c. interim dividend
d. none of these
Q. Fund lost in operations represent………………..
a. inflow of funds
b. outflow of funds
c. neither inflow nor outflow
d. none of these
Q. Which of the following results in Increase of working capital ?
a. increase in current assets
b. decrease in current assets
c. increase in current liabilities
d. all of these
Q. Which among the following results in decrease of working capital ?
a. increase in current liabilities
b. increase in current assets
c. decrease in current liabilities
d. none of these
Q. According to SEBI requirements Cash flow statement is prepared bycategorizing cash flows into operating, investing and …………..activities
a. financing
b. routine
c. long term
d. none of these