Top 150+ Solved Accounting for Managerial Decisions MCQ Questions Answer
Q. A segment of activity for which both revenue and cost are accumulated
a. Investment centre
b. Project centre
c. Cost centre
d. Responsibility centre
Q. A centre at which proper utilization of asset used in the centre
a. Investment centre
b. Profit centre
c. Cost centre
d. Responsibility centre
Q. A segment of activity for which revenues are accumulated
a. investment centre
b. profit centre
c. revenue centre
d. Responsibility
Q. A segment of activity or area of operation for which cost is collected is known as -----------------
a. Cost centre
b. Profit centre
c. Investment centre
d. Responsibility centre
Q. A segment of activity or area of operation for which revenues are accumulated is known as ------
a. Cost centre
b. Profit centre
c. Revenue centre
d. Investment centre
Q. A control system where accountability is established with responsibility is known as --------------
a. Cost accounting
b. Responsibility accounting
c. Financial accounting
d. None of the above
Q. --------- is a system where persons are made responsible for control of cost
a. Cost accounting
b. Financial accounting
c. Responsibility accounting
d. None of these
Q. ------------- centre is one for which both revenue and cost are accumulated
a. Cost centre
b. Revenue centre
c. Service centre
d. Profit centre
Q. A firm’s investment in current asset is known as ----------------
a. Net working capital
b. Gross working capital
c. Average working capital
d. None of these
Q. A transaction that doesn’t make any change in working capital position is ---------
a. Inflow of fund
b. Out flow of fund
c. Non fund transaction
d. Fund transaction
Q. The mirror which reflects the true financial position of the business as on a particular date
a. Fund flow statement
b. Cash flow statement
c. Balance sheet
d. Income statement
Q. An appropriation of profit is ---------------------
a. Current asset
b. Non current asset
c. Provision for taxation
d. Non current liability
Q. Fund flow statement are very useful in planning intermediate and ----------- financing.
a. Short term
b. Long term
c. Medium term
d. None of these
Q. The two concept of working capital are gross working capital and --------------------------
a. Net working capital
b. Average working capital
c. Opening working capital
d. Closing working capital
Q. Excess of current asset over current liability is known as -------------
a. Gross working capital
b. Net working capital
c. Average working capital
d. None of these