( 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.
Managerial accounting is the practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization’s goals.
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.
- Zero based budgeting was first used by _______.
- Adam smith
- Alfred marshall
- Philip kotler
- Jimmy carter
- 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
- Working capital is also called as ______ capital.
- Circulating
- Circumference
- Contribution
- None of the above
- 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
- The Gross working capital is based on ______ concept.
- Cost
- Going concern
- Historical
- Replacement
- ______ 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
- Operating cycle method uses _____.
- Cost of goods purchased
- Cost of goods produced
- Cost of goods sold
- Cost of goods manufactured
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