Management Accounting Test Questions

Q.  If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per annum, determine the frequency of compounding:

a. 1
b. 2
c. 3
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following statements are not true? A) Standard costs are of forward nature while historical costs are actual in nature. B) Historical costs are useful for control purposes while standard costs are not. C) Standard cost is an important tool for measurement of operational efficiency while historical costs are not related to operational efficiency. D) Standard costs are not reasonably attainable ideal costs.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Historical costs have no managerial use because
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  According to George R. Terry, _________ may be described as a process of finding out what is being done and comparing actual results with the corresponding budget data in order to approve accomplishment.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Budget, Budgeting and Budgetary control are one and same thing.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are true about budget, budgeting & budgetary control?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Outstanding expenses and reserve for doubtful debts are shown in cash budget.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The receipts from cash sales, advance from customers, collection from debtors and bills receivable are
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In _________ actual performance can easily be compared due to availability of budgets at different levels of activity.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are true flexible budget?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Material cost variances is measured as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Standard quality must relate to actual output.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The formula to calculate material price variance is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Management auditing is a part of statutory auditing.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In responsibility accounting, responsibilities of various groups or individuals are identified in terms of
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following are not covered in managerial reporting?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The management accounting can be stated an extension of A) Cost Accounting B) Financial Accounting C) Responsibility Accounting
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are true about Horizontal Analysis? A) It does not examine the periodical trend. B) It is useful for long-term analysis. C) It is useful for long –term planning.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are true? A) Comparative financial statement is an example of horizontal analysis. B) Trend Analysis is an example of vertical analysis. C) Cash flow analysis is an example of horizontal analysis.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Present value tables for annuity cannot be straight away applied to varied stream of cash flows.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Heterogeneous cash flows can be made comparable by
Category: MBA Questions,   Published by: T-Code Scripts