Top 550+ Solved Management Accounting MCQ Questions Answer
Q. Which of the following is not a technique of management accounting
a. Budgetary control
b. Standard costing
c. Marginal costing
d. Process costing
Q. Management accounting is helpful in increasing _______________
a. Performance
b. Profitability
c. Efficiency
d. Production
Q. Management accounting has a ___________ scope than cost accounting
a. Wider
b. Narrower
c. Smaller
d. None of these
Q. Management accounting helps in ___________ data
a. Analysis
b. Interpretation
c. Analysis and interpretation
d. None of these
Q. Management accounting provides alternative choices for managerial ___________
a. Decisions
b. Policies
c. Uses
d. None of these
Q. Publication of management accounting statements are ______________
a. Compulsory
b. Not optional
c. Optional
d. None of these
Q. Management accounting deals only with that information which is useful to the ___________
a. Accountant
b. Owners
c. Management
d. All of the above
Q. The prime function of management accounting is to -------------------------------
a. Interpret financial data
b. Assist the management in performing its functions
c. Record business transaction
d. None of these
Q. Management accounting relates to ________
a. Recording of accounting data
b. Recording of costing data
c. Presentation of accounting data
d. None of these
Q. Management accounting analyses accounting data with the help of -------------------------
a. Auditors
b. Statutory forms
c. Tools and techniques
d. None of these
Q. Management accounting and cost accounting functions are --------------------------
a. Neutral in effect
b. Complementary in nature
c. Contradictory in nature
d. None of these
Q. Management accounting provides valuable services to management in performing ____
a. Coordinating functions
b. Controlling functions
c. Planning functions
d. All managerial functions
Q. Management accounting and financial accounting differ in that management accountinginformation is prepared
a. following prescribed rules
b. using whatever methods, the company finds beneficial.
c. for shareholders.
d. to summarize the whole company with little detail.
Q. Management accounting is the branch of accounting concerned with reporting to
a. internal managers.
b. shareholders.
c. the government
d. bankers.
Q. The use of management accounting is
a. Optional
b. Compulsory
c. Legally obligatory
d. Compulsory to some and optional to others