Top 550+ Solved Management Accounting MCQ Questions Answer
Q. If projected sales in the year 2020 to be Rs.6500000 find out the corresponding profit
a. Rs. 700000
b. Rs. 800000
c. Rs. 900000
d. Rs.1000000
Q. Balance sheet indicates the financial status of the business ____.
a. For a day
b. For a month
c. For a year
d. At given period
Q. __do not give the returns during the same period during which they are paid for
a. Intangible assets
b. Fixed assets
c. Both (A) and (B)
d. None of the above
Q. Following is (are) called the element(s) of Cost
a. Material
b. Labour
c. Expenses
d. All of the above
Q. _________ Accounting becomes a source of information for Management Accounting.
a. Financial
b. Cost
c. Both (A) and (B)
d. None of the above
Q. Profit and Loss Account debit side includes
a. Salary
b. Discount allowed
c. Postage & telegram
d. All of the above
Q. The following is (are) the indirect labour cost(s)
a. Wages paid to storekeeper
b. Salary of works manager
c. Wages paid to gatekeeper
d. All of the above
Q. Management accounting is (i) Subjective (ii) Objective
a. Only (i)
b. Only (ii)
c. Both (i) and (ii)
d. None of the above
Q. The management accounting can be stated an extension of(i) Cost Accounting(ii) Financial Accounting(iii) Responsibility Accounting
a. Both (i) and (ii)
b. Both (i) and (iii)
c. Both (ii) and (iii)
d. (i), (ii), (iii)
Q. Which of the following is true about management accounting?(i) Management accounting is associated with presentation of accounting data.(ii) Management accounting is extremely sensitive to investors needs.
a. Only (i)
b. Only (ii)
c. Both (i) and (ii)
d. None of the above
Q. Which of the following are tools of management accounting?(i) Decision accounting(ii) Standard costing(iii) Budgetary control(iv) Human Resources Accounting
a. (i), (ii) and (iii)
b. (i), (iii) and (iv)
c. (i),(ii) and (iii)
d. (i), (ii), (iii), (iv)
Q. Management accounting is related with(i) The problem of choice making(ii) Recording of transactions(iii) Cause and effect relationships
a. (i) and (ii)
b. (ii) and (iii)
c. (i) and (iii)
d. All are false