( 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

61. …………….assets are those which in the ordinary course of business can be
converted into cash within a short period of time.

A. current

B. non current

C. both of these

D. none of these

62. ………..liabilities are those which are intended to be paid in the ordinary
course of business within a short period.

A. current

B. non current

C. both of these

D. none of these

63. Goods purchased for cash. This transaction involves…………..

A. flow of fund

B. no flow of fund

C. both of these

D. none of these

64. Which among the following transaction involves no flow of fund ?

A. redemption of debentures

B. purchase of fixed assets

C. issue of debentures for cash

D. conversion of debentures into shares.

65. Which among the following transaction involves flow of fund ?

A. cash paid to creditors

B. payment of bills payable

C. raising of short term loans

D. raising of long term loans

66. While preparing ……………statement, both capital and revenue items are
considered.

A. fund flow statement

B. income statement

C. both of these

D. none of these

67. ……………..is a tool of management for financial analysis and helps in
making decisions.

A. fund flow statement

B. balance sheet

C. income statement

D. none of these

68. …………statement shows changes in financial position and hence dynamic
in nature

A. fund flow statement

B. balance sheet

C. income statement

D. none of these

69. Increase in Accounts payable when compared to previous year results in
…………….of working capital

A. increase

B. decrease

C. no change

D. none of these

70. Decrease in Working capital constitutes …………………

A. source of fund

B. application of funds

C. neither source nor application

D. none of these

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