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#1 Quiz Preparation Forum » Managerial Accounting Quiz MCQs Quiz Question. » 2023-11-30 17:00:21

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Budgetary control system acts as a friend, philosopher and guide to the:

Option A):
Shareholders
Option B):
Employees
Option C):
Creditors
Option D):
Management

Correct Answer is Option D):
Management

#2 Quiz Preparation Forum » Which cost is more useful for decision making? » 2023-11-30 16:42:07

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Which cost is more useful for decision making?

Option A):
Marginal cost
Option B):
Total cost
Option C):
Opportunity cost
Option D):
Fixed cost

Correct Answer is Option A):
Marginal cost

#3 Quiz Preparation Forum » Cash Flow statement is prepared for financial planning of: » 2023-11-30 16:41:38

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Cash Flow statement is prepared for financial planning of:

Option A):
Medium Range
Option B):
Short Range
Option C):
Very long Range
Option D):
Long Range

Correct Answer is Option B):
Short Range

#4 Quiz Preparation Forum » Cash flow statement is based upon: » 2023-11-30 16:40:58

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Cash flow statement is based upon:

Option A):
Accrual Basis
Option B):
Both cash and accrual basis
Option C):
Accounting Equation
Option D):
Cash basis

Correct Answer is Option D):
Cash basis

#5 Quiz Preparation Forum » Which of the following are sources of funds? » 2023-11-30 16:40:21

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Which of the following are sources of funds?

Option A):
Issue of shares and debentures
Option B):
Sale of assets
Option C):
Decrease in working capital
Option D):
All of these

Correct Answer is Option D):
All of these

#6 Quiz Preparation Forum » Which of the following are applications of funds? » 2023-11-30 16:39:39

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Which of the following are applications of funds?

Option A):
Increase in working capital
Option B):
All of these
Option C):
Payment of dividend
Option D):
Purchase of fixed assets

Correct Answer is Option B):
All of these

#7 Quiz Preparation Forum » The term funds refers to: » 2023-11-30 16:39:04

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
The term funds refers to:

Option A):
Reserves and Surplus
Option B):
Cash and cash equivalents
Option C):
Fixed assets
Option D):
Working capital

Correct Answer is Option D):
Working capital

#8 Quiz Preparation Forum » The basic function of management accounting is: » 2023-11-30 16:38:16

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
The basic function of management accounting is:

Option A):
None of these
Option B):
To serve the public.
Option C):
To serve the management in performing it’s function effectively.
Option D):
To serve Government.

Correct Answer is Option C):
To serve the management in performing it’s function effectively.

#9 Quiz Preparation Forum » Long term decisions are called as: » 2023-11-30 16:37:35

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Long term decisions are called as:

Option A):
Capital budgeting decisions.
Option B):
Profit volume analysis.
Option C):
Future decisions.
Option D):
Working capital decisions.

Correct Answer is Option A):
Capital budgeting decisions.

#10 Quiz Preparation Forum » Working Capital is the capital required to finance: » 2023-11-30 16:37:01

Ibraheem
Replies: 0

Accounting Quizzes Managerial Accounting Exam MCQs

Question:
Working Capital is the capital required to finance:

Option A):
Day to day operations.
Option B):
None of these
Option C):
Purchase of fixed assets.
Option D):
Settlement of long term liabilities.

Correct Answer is Option A):
Day to day operations.

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