Top 550+ Solved Management Accounting MCQ Questions Answer
Q. Budget period depends upon…
a. the type of budget
b. the nature of business
c. the length of trade cycles
d. all of these
Q. A key factor is one which restricts…
a. the volume of production
b. the volume of sales
c. the volume of purchase
d. all of the above
Q. Plant utilization budget and Manufacturing overhead budgets are types of
a. production budget
b. sales budget
c. cost budget
d. none of the above
Q. A budgeting process which demands each manager to justify his entire budget indetail from beginning is
a. functional budget
b. master budget
c. zero base budgeting
d. none of the above
Q. Budgetary control system facilitates centralized control with…
a. decentralized activity
b. centralized activity
c. both
d. none
Q. R&D budget and Capital expenditure budget are examples of
a. short-term budget
b. current budget
c. long-term budget
d. none of the above
Q. The scare factors is also known as
a. key factor
b. abnormal factor
c. linking factor
d. none of the above
Q. In Management accounting,emphasis and focus should be
a. future oriented
b. past oriented
c. communication oriented
d. bank oriented
Q. What are the characteristics of management accounting?
a. Decision Making
b. Internal Use
c. Optional
d. All of the above
Q. The management accounting can be stated an extension of I)Cost Accounting II)Financial Accounting
a. Only I
b. Only II
c. Both I and II
d. None of the Above
Q. Management accounting assists the management
a. Only in control
b. Only in decision making
c. Only in planning
d. In planning, decision making and control
Q. Which of the following is not the limitation of Management Accounting?I)Developing Stage II)Resistance from Staff III)Lack of wide knowledge IV)Decision Making
a. Only I,II,III
b. Both I & IV
c. Only IV
d. Only I
Q. Data in management accounting is derived from
a. Cost Accounting
b. Financial Accounting
c. Other Sources
d. All of the above
Q. Financial accounting is the art of .I)Classifying II)Interpreting III)Recording IV)Summarising .Write Correct sequence.
a. III,IV,II,I
b. III,I,IV,II
c. III,I,II,IV
d. III,IV,I,II
Q. Which statement is true.I)Cost records are compulsory in all industries. II)Management accounting records are compulsory by law.
a. Both are False
b. Only II
c. Both I and II
d. Only I