Top 550+ Solved Management Accounting MCQ Questions Answer
Q. Any gain on sale of non-current asset should be ----- from the net profit for determining funds from operation
a. Deducted
b. Added
c. Increased
d. None of these
Q. Goodwill is a ---------------------transaction
a. Current
b. Noncurrent
c. Fixed
d. None of these
Q. When one account is current and another a non-current It results in--------------------
a. Flow of fund
b. Increase of fund
c. Decrease of fund
d. None of these
Q. To arrive at funds from operation ,non-cash expenses must be added to----------
a. Net profit
b. Gross profit
c. Operating profit
d. None of these
Q. Fund flow statement is accompanied by a schedule of-----------------------------
a. Changes in working capital
b. Flow of funds
c. Increase in fund
d. Decrease in fund
Q. Goods purchased on credit-----------inflow of funds
a. Does not result
b. Does result
c. Change
d. None of these
Q. ----------account is prepared to know funds from operation
a. Profit & Loss appropriation account
b. Profit and loss account
c. Trading account
d. Profit & Loss adjustment account
Q. Increases in current liabilities --------------working capital
a. Increase
b. Decreases
c. Added
d. None of these
Q. Increase in current assets-------------working capital
a. Increases
b. Decreases
c. Deducts
d. Reduces
Q. Decrease in current liabilities --------------------working capital
a. Increases
b. Decrease
c. Deducts
d. Reduces
Q. Net increase in working capital results in----------------of funds
a. source
b. Inflow
c. no change
d. application