( Best 100+ ) Management Accounting MCQ

by Mr. DJ

( Best 100+ ) Management Accounting MCQ

Management accounting helps managers within a company make decisions. Also known as cost accountingmanagement accounting is the process of identifying, analyzing, interpreting and communicating information to managers to help achieve business goals.

( Best 100+ ) Management Accounting MCQ

What do you mean by management accounting?

Managerial accounting is the practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization’s goals.

What is the main purpose of management accounting?

The main objective of managerial accounting is to maximize profit and minimize losses. It is concerned with the presentation of data to predict inconsistencies in finances that help managers make important decisions.

  1. Zero based budgeting was first used by _______.
  • Adam smith
  • Alfred marshall
  • Philip kotler
  • Jimmy carter
  1. Budget is derived from the French word _______.
  • Bougette
  • Bounet
  • Bonqet
  • Budgtte

93._______ refers to the length of the period for which a budget is prepared.

  • Budget period
  • Budgeting
  • Budget control
  • Budget month
  1. Working capital is also called as ______ capital.
  • Circulating
  • Circumference
  • Contribution
  • None of the above
  1. Gross working capital represents_______.
  • Total current liabilities
  • Excess of current assets over current liabilities
  • Current assets less current liabilities
  • Total Current assets

96.Net working capital represents_______.

  • Total current liabilities
  • Excess of current assets over current liabilities
  • Current assets less current liabilities
  • Total Current assets
  1. The Gross working capital is based on ______ concept.
  • Cost
  • Going concern
  • Historical
  • Replacement
  1. ______ is a temporary source of working capital.
  • Trade credit
  • Issue of share
  • Public deposits
  • Issue of debentures

99.______ is a long term source of working capital.

  • Trade credit
  • Issue of share
  • Advances
  • Commercial papers
  1. Operating cycle method uses _____.
  • Cost of goods purchased
  • Cost of goods produced
  • Cost of goods sold
  • Cost of goods manufactured

Read More Updates About MCQ

  1. Cost Accounting MCQ ( Best 200+ )
  2. Principles of Management MCQ ( Best 170+ MCQs ) Questions and Answers
  3. Join Our Telegram Channel

You may also like

Leave a Comment