Top 550+ Solved Management Accounting MCQ Questions Answer
Q. Planning is that function of ……………………..which requires an efficient systemof decision – making.
a. finance
b. management
c. h.r
d. administration.
Q. …………………..costs are pre-determined targets adainst which actual resultsare evaluated.
a. marginal
b. standard
c. actual
d. budgeted
Q. Financial Accounting data is primarily meant for …………………
a. external users
b. internal users
c. employees
d. bank
Q. Cost Accountant should report to the ……………management.
a. top
b. middle.
c. administration
d. lower
Q. The transaction which increase working capital are ………….. of funds
a. sources
b. application
c. utilization
d. diversion
Q. Management accounting begins where………………. accounting ends.
a. financial accounting
b. management accounting
c. cost accounting
d. human resource accounting
Q. Stock is considered as a liquid asset as anytime it can be converted into cashimmediately.
a. yes
b. no
c. only yes
d. none of the above
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
Q. Which of the following is not included in current assets.
a. debtors
b. stock
c. cash at bank
d. cash in hand
Q. Following is used as tool for Cost Control
a. Marginal cost
b. Historical cost
c. Standard cost
d. All of the above
Q. Management accounting assists the management
a. Only in control
b. Only in direction
c. Only in planning
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
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
Q. Which of the following is not a functional budget?
a. Labour budget
b. Cash budget
c. Materials budget
d. Expenses budget