Accounting for Management MCQ

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.

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

Answer:-

B. financial accounting

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

Answer:-

C. cost accounting

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

Answer:-

A. management accounting

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

A. luca pacioli

B. lopus patricia

C. lukas christian

D. none of these

Answer:-

A. luca pacioli

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

Answer:-

B. accounting

Also Read :-

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

Answer:-

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

Answer:-

A. profitability and financial position

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

A. sales journal

B. cash book

C. purchase journal

D. none of these

Answer:-

A. sales journal

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

A. top

B. middle

C. bottom

D. all of these

Answer:-

A. top

10. The Prime function of accounting is to ………………………..

A. record economic data

B. provide the informational basis for action

C. classify and record business transactions

D. attain non economic goals

Answer:-

C. classify and record business transactionsAlso Read :-

27/10/2021 0 comment

management accounting mcq with answers pdf

( Best 150+ ) Accounting for Management MCQ

Accounting for Management MCQ

Accounting for Management MCQ

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

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

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

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

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.

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

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

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

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

10. The Prime function of accounting is to ………………………..

management accounting mcq with answers pdf

( Best 150+ ) Accounting for Management MCQ

Accounting for Management MCQ

Accounting for Management MCQ

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

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

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

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

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.

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

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

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

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

10. The Prime function of accounting is to ………………………..

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

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

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

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.