Management Accounting Test Questions

Q.  The definition, “The term accounting ratio is used to describe significant relationship which exist between figures shown in a balance sheet, in a profit and loss account, in a budgetary control system or in a any part of the accounting organization” is given by

a. Biramn and Dribin
b. Lord Keynes
c. J. Betty
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following statements are true?
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MCQs:  The process of budgeting includes
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MCQs:  Which of the following statements are true for forcast and budget?
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MCQs:  As per S.C Kuchhal, Cash budget is a schedule to record ________ over a period with a view to locating the timing and magnitude of cash surplus and shortage.
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MCQs:  Cash budget helps in the formulation of suitable dividend policy.
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MCQs:  ___________ is based on assumption that the firm will carry out its activity only at a specific level and the targets of production determined in budget will be achieved.
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MCQs:  Fixed budget is of much help in the fixation of selling price or calculation of tender price.
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MCQs:  The sum of actual cost and the standard cost is known as variance analysis.
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MCQs:  Which of the following are included in variance analysis?
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MCQs:  General variances are applicable with
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MCQs:  As per Leslie R. Howard, Management audit is an investigation of a business from the __________ in order to ascertain whether sound management prevails throughout.
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MCQs:  As per R.M. Bhandari, __________ is a system under which costs are accumulated and reported at each level of responsibility so that the accounting and cost data may be used by the management at each level in controlling the operations and their costs.
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MCQs:  Management reporting can be performed as
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MCQs:  Management accounting is A) Subjective B) Objective
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MCQs:  The assessment of financial statements by a shareholder is an example of
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MCQs:  Trend percentages and trend ratios are used in
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MCQs:  If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be:
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MCQs:  Relationship between annual nominal rate of interest and annual effective rate of interest, if frequency of compounding is greater than one:
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MCQs:  Liquidity ratios are expressed in
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MCQs:  Which of the following statements are true about Ratio Analysis? A) Ratio analysis is useful in financial analysis. B) Ratio analysis is helpful in communication and coordination. C) Ratio Analysis is not helpful in identifying weak spots of the business. D) Ratio Analysis is helpful in financial planning and forecasting.
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