( Best 100+ ) Management Accounting MCQ
Management accounting helps managers within a company make decisions. Also known as cost accounting, management accounting is the process of identifying, analyzing, interpreting and communicating information to managers to help achieve business goals.
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.
- The word fund means the difference between _____ and current liabilities.
- Tangible assets
- Current assets
- Fixed assets
- Intangible assets
- Stock in the beginning results in ______of funds.
- Application
- Source
- No flow
- Inflow
- Issue of capital will mean _____ working capital.
- Decrease
- Increase
- Diminish
- Distribute
- Purchase of plant will mean_____ working capital.
- Decrease
- Increase
- Distribute
- Rise
- Goodwill is a ______ transaction.
- Current
- Non current
- Fixed
- Source of fund
- Identify the item which is not an operating expense
- Advertising expenses
- General management salaries
- Depreciation of office equipment
- Loss on sale of motor car
- Redeemable preference shares is __
- Current assets
- Non-current assets
- Current liability
- Non-Current liability
- Expenditure incurred on research is an example of
- Capital expenditure
- Revenue expenditure
- Deferred revenue expenditure
- None of the above
- Which one of the following is capital expenditure?
- Cost of advertisement
- Purchase of a delivery van
- Purchase of raw material
- Purchase of machine oil
- Which one of the following is an example of sources of funds?
- Decrease in share capital
- Increase in long-term liabilities
- Decrease in long-term liabilities
- Increase in fixed assets
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