Top 150+ Solved Accounting for Managerial Decisions MCQ Questions Answer
Q. Goodwill written off is-----------to the net profit made during the year for calculating the cashfrom operation
a. Added back
b. Deducted
c. Decreased
d. None of these
Q. Provision for tax is shown as a part of-----------activity
a. financing
b. investing
c. operating
d. others
Q. Purchase of fixed asset is classified as------activity
a. financing
b. investing
c. operating
d. others
Q. Purchase of building by issue of debenture is a---------item and it is ignored in cash flowstatement
a. cash
b. non-cash
c. non-operating
d. current
Q. Cash flow statement is based on past records, so it is---------in nature
a. historical
b. future item
c. past
d. none of these
Q. Cash equivalent are usually of short term but highly -----------------investments
a. liquid
b. Fixed
c. Changed
d. None of these
Q. Cash flow statements (based on AS-3) should be prepared and presented under------------------method.
a. Direct
b. Indirect
c. Permanence
d. None of these
Q. Income tax paid should be shown separately as the cash flows from----------- activities.
a. Financing
b. Investing
c. Operating
d. Others
Q. Buy back of shares is shown under-----------------------
a. operating activities
b. investing activities
c. financing activities
d. none of these
Q. Increase in prepaid expenses--------------------cash
a. Increases
b. Added
c. Decreases
d. None of these
Q. Dividend paid are classified under-------------------activities
a. Financing
b. Investing
c. Operating
d. Others
Q. Cash payment suppliers of goods and services are shown under-------------.
a. Operating
b. Financing
c. Investing
d. None of the above
Q. 20,000 equity shares of Rs.10 each issued at 10% premium , cash is Rs-------------------
a. Rs.2,00,000
b. Rs.2,10,000
c. Rs.2,15,000
d. Rs.2,20,000
Q. Preliminary expenses written off is--------
a. Cash transaction
b. Non-cash transaction
c. Credit transaction
d. None of the above
Q. Investment costing Rs.50,000 at the loss of Rs.3,000 cash outflow in investing activity is --------
a. Rs.53,000
b. Rs.50,000
c. Rs.47,000
d. Rs.48,000