Management Accounting Test Questions

Q.  In a competitive market, the price is determined by the

a. Individual concern
b. Market forces
c. Both a and b
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
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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MCQs:  The point of tangency between risk return indifferences curves and efficient frontier highlights:
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MCQs:  A portfolio comprises two securities and the expected return on them is 12% and 16% respectively. Determine return of portfolio if first security constitutes 40% of total portfolio.
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MCQs:  Net operating profit ratio determines ___________ while net profit ratio determines
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MCQs:  Operating ratio is calculated by
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MCQs:  Determine Operating ratio, if operating expenses is Rs 60,000, Sales is Rs 9,40,000, Sales Return is Rs 40,000 and Cost of net goods sold is Rs 6,60,000.
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MCQs:  If reserve for bad and doubtful debts is mentioned in the question of Funds Flow Statement Preparation, it can be shown as
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MCQs:  Funds Flow Statement is also known as
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MCQs:  Cash outflow on purchases is calculated by
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MCQs:  The amount of operating expenses which are actually been paid in cash are shown under:
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MCQs:  Given salary expenses Rs 40,000, Outstanding in the beginning of the year: Rs 5,000 and outstanding at the end of the year Rs 10,000. Cash outflow on salary will be:
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MCQs:  In Analytical method of calculating marginal costing, it is determined on the basis of past records.
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MCQs:  Theory of contribution is the excess of sales over variable costs.
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MCQs:  Which of the following statements related to Contribution Analysis are true?
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MCQs:  Marginal costing is helpful in
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MCQs:  The various aspects of a price policy are A) Normal price B) Minimum price C) Depression price D) Special price including dumping
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