Top 550+ Solved Management Accounting MCQ Questions Answer
Q. Fixed assets are Rs 5,00,000 , Current assets are Rs 3,00,000, Current liabilities are Rs 1,00,000. There is no investment. Capital employed will be :
a. rs 8,00,000
b. rs 7,00,000
c. rs 9,00,000
d. rs 6,00,000
Q. Current liabilities include creditors Rs 2,00,000, Bills payable Rs 1,00,00 Expenses payable Rs 50,000 Bank Overdraft Rs 2,00,000. Quick liabilites will be :
a. rs 3,50,000
b. rs 3,00,000
c. rs 2,50,000
d. rs 2,00,000
Q. Fixed assets include premises Rs 10,00,000, Machinery Rs 5,00,000 Furniture Rs 2,00,000 Vehicles Rs 3,00,000 Live stock Rs 1,00,000 Goodwill Rs 2,00,000, Patents & Copy rights Rs 1,50,000, Underwriting commission Rs 50,000 Fixed tangible immovable asset will be :
a. rs 10,00,000
b. rs 20,00,000
c. rs 3,00,000
d. rs1,50,000
Q. Gauri Ltd has a debt equity of 3:2 and total assets turnover is 2. If NP ratio is 10%. The ROE is
a. 0.4
b. 0.5
c. 0.35
d. 0.2
Q. Current Assets are Rs 5,00,000 and Current liabilities are Rs 2,00,000. The Current ratio is
a. 1.5
b. 1.75
c. 2.5
d. 3.20,
Q. WIP is Rs 14,000, COGS is Rs 1,50,000, 360 days in a year WIP Turnover period is :
a. 30 days
b. 40 days
c. 34 days
d. 45 days
Q. S Ltd has a plan to produce 52,000 units for the year 2020-21 selling price is Rs 1,000 per unit. Credit allowed to customers is 8 weeks. One year consists of 52 weeks. The debtors value is
a. rs 40,00,000
b. rs 80,00,000
c. rs 70,00,000
d. rs 60,00,000
Q. ………………………Accounting is concerned with measurement of thecost and value of people for the organization.
a. financial accounting
b. management accounting
c. corporate accounting
d. human resource accounting
Q. The important objective of …………………..accounting is to organize theaccumulated financial data into meaningful information.
a. financial accounting
b. management accounting
c. corporate accounting
d. human resource accounting
Q. ……………………..accounting is the adoption and analysis of accountinginformation and its diagnosis and explanation in such a way so as to assist thedecision -makers.
a. financial accounting
b. management accounting
c. corporate accounting
d. human resource accounting