( Best 150+ ) Accounting for Management MCQ

by Mr. DJ

Accounting for Management MCQ

Table of Contents

Given below are Accounting for Management MCQ with answers. These MCQs are equally useful for managerial accounting, accounting for managers & accounting for management subject. This is also useful to explore subtopics like Financial Statements, Budgeting, cost accounting, marginal costing, corporate accounting etc.

Accounting for Management MCQ

MBA, BBA, B Com, M Com, MMS, PGDBM, PGDM, BA, MA and CA students can use these multiple choice questions for university exams. These solved MA MCQ sets are also helpful for entrance exams like UPSC, UGC NET, SET, MPSC etc.

Accounting for Management MCQ

1. …………….is concerned with recording transactions and preparing financial
reports for the external and internal users of accounting.

A. management accounting

B. financial accounting

C. cost accounting

D. all of these

2. The Branch of accounting concerned with collection, determining and
controlling cost of products and services is called………………

A. management accounting

B. financial accounting

C. cost accounting

D. all of these

3. ……………is concerned with providing information to management for taking
managerial decisions.

A. management accounting

B. financial accounting

C. cost accounting

D. all of these

4. The father of Double Entry system is………………

A. luca pacioli

B. lopus patricia

C. lukas christian

D. none of these

5. ……………….is the art of recording, classifying and summarizing in a
significant manner and in terms of money, transactions and events, which are in part, at least of financial character and interpreting the results there of.

A. management accounting

B. accounting

C. cost accounting

D. all of these

6. Which among the following do not belong to the category of Accounting ?

A. management accounting

B. financial accounting

C. cost accounting

D. none of these

7. The objective of financial accounting is to find out…………………..

A. profitability and financial position

B. liquidity

C. solvency

D. none

8. ……………….journal is used to record credit sale of goods

A. sales journal

B. cash book

C. purchase journal

D. none of these

9. The ………….Management is mainly concerned with the policy decisions.

A. top

B. middle

C. bottom

D. all of these

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