Management Accounting Test Questions


Q.  Comparison of financial statements highlights the trend of the _________ of the business.

a. Financial position
b. Performance
c. Profitability
d. All of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  What will be the B.E.P if P/V ratio is 20% and Fixed cost is Rs 40,000.
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MCQs:  _______also known as subsidiary budgets.
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MCQs:  Material sub usage variance is calculated when A) When quantity of wastage is not given B) When quality of output is not given C) When price of wastage is not given D) When total cost of output is not given
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MCQs:  Material sub-usage variance is also known as
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MCQs:  Which of the following is responsibility center?
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MCQs:  On the basis of information contained in the reports, the managerial reporting can be divided into
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MCQs:  Management accounting is related with A) The problem of choice making B) Recording of transactions C) Cause and effect relationships
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MCQs:  Analysis of any financial Statement comprises
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MCQs:  Which of the following statements are true? A) Common-size balance sheet shows relative value of the various items. B) In the common size income statement, each product is represented as a percentage of the net sales figure. C) Common size income statements represent the various elements as a percentage of the gross profit.
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