Management Accounting Test Questions

Q.  Listed Enterprises need to prepare Cash Flow Statement only under indirect method.

a. True
b. False


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  XYZ factory working for 50 hours per week employs hundred workers on a job work. The standard output is 200 units per gang hour and standard rate is Rs 1 per hour. During a week in June, five employees were paid @ Rs 1.20 per hour and ten employees were paid @ 80 paise per hour. Rest of the employees were paid @ standard hour rate. The actual number of units produced was 10,200. Determine labour cost variance
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MCQs:  Given standard cost specifications time 5 hours per unit and cost Rs 5 per labour. Actual performance in cost period is production hours 10,400 and idle time 400 hours. Payment done is average per hour Rs 5.20 for 10,800 hours. Determine labour rate variance and labour efficiency variance, respectively.
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MCQs:  Which variance is also known as Gang composition variance?
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MCQs:  Which of the following statements are true about responsibility accounting?
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MCQs:  Control reports come in the category of routine reports.
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MCQs:  The coverage of control reports is wider than that of information reports.
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MCQs:  Management accounting highlights staff relationship with top management as well as other personnel.
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MCQs:  Which of the following statements are true? A) Financial statements are only interim report. B) Financial statements are also known as annual records. C) Financial statements are historic.
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MCQs:  Certain assumptions are essential to prepare financial statements.
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MCQs:  The only feasible purpose of financial management is
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MCQs:  Financial management process deals with
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MCQs:  In a variable growth model, the dividend is believed to grow at a constant pace forever after an initial growth period.
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MCQs:  For a bond YTM is always equal to coupon rate.
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MCQs:  Which ratio is considered as safe margin of solvency?
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MCQs:  The ideal level of current ratio is
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MCQs:  Current ratio is stated as a crude ratio because
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MCQs:  Liquid ratio is also known as a) Quick ratio b) Acid test ratio c) Working capital ratio d) Stock turnover ratio
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MCQs:  Stock is considered as a liquid asset as anytime it can be converted into cash immediately.
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MCQs:  The ideal level of liquid ratio is
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MCQs:  Debt-equity ratio is a sub-part of
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