Top 550+ Solved Management Accounting MCQ Questions Answer

From 16 to 30 of 731

Q. Financial Accounting data is primarily meant for …………………

a. external users

b. internal users

c. employees

d. bank

  • a. external users

Q. Cost Accountant should report to the ……………management.

a. top

b. middle.

c. administration

d. lower

  • a. top

Q. The transaction which increase working capital are ………….. of funds

a. sources

b. application

c. utilization

d. diversion

  • a. sources

Q. Management accounting begins where………………. accounting ends.

a. financial accounting

b. management accounting

c. cost accounting

d. human resource accounting

  • c. cost accounting

Q. . Return on properties funds is also known as.

a. return on net worth

b. return on shareholders fun

c. return on the shareholders investment

d. all the above

  • d. all the above

Q. Which of the following is not included in current assets.

a. debtors

b. stock

c. cash at bank

d. cash in hand

  • b. stock

Q. Following is used as tool for Cost Control

a. Marginal cost

b. Historical cost

c. Standard cost

d. All of the above

  • c. Standard cost

Q. Management accounting assists the management

a. Only in control

b. Only in direction

c. Only in planning

d. In planning, direction and control

  • d. In planning, direction and control

Q. Management accounting is deals with -

a. Quantitative Information

b. Qualitative Information

c. Both (a) and (b)

d. None of the above

  • c. Both (a) and (b)

Q. Which of the following is an advantage of standard costing?

a. Measuring efficiency

b. Facilitates cost control

c. Determination of variance

d. All of the above

  • d. All of the above

Q. Which of the following is not a functional budget?

a. Labour budget

b. Cash budget

c. Materials budget

d. Expenses budget

  • a. Labour budget
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