Management Accounting Test Questions


Q.  While ascertaining gross profit under absorption costing, only that portion of manufacturing overheads is deducted from sales revenue which is associated with the goods sold.

a. True
b. False


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  The controllable variances are related with the
Category: MBA Questions,   Published by: teswesm
MCQs:  The events like government policies, price rise etc have an impact on controllable variances.
Category: MBA Questions,   Published by: teswesm
MCQs:  Management audit is useful for
Category: MBA Questions,   Published by: teswesm
MCQs:  Responsibility Accounting is also known as
Category: MBA Questions,   Published by: teswesm
MCQs:  Internal reporting provides financial statement and annual accounts.
Category: MBA Questions,   Published by: teswesm
MCQs:  The use of management accounting is
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following statements are true? A) Vertical Analysis is also termed as dynamic analysis. B) Horizontal analysis is also termed as dynamic analysis. C) Static Analysis is not extremely useful for the long-term financial planning.
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following statements are true? A) Funds Flow statement is one of the ways to analyse & interpret financial statements. B) Cash Flow Statement is one of the ways to analyse & interprets financial statements. C) Common-size statement is one of the ways to analyse & interpret financial statements.
Category: MBA Questions,   Published by: teswesm
MCQs:  Mr. X takes a loan of Rs 50,000 from HDFC Bank. The rate of interest is 10% per annum. The first installment will be paid at the end of year 5. Determine the amount of equal annual installments if Mr. X wishes to repay the amount in five installments.
Category: MBA Questions,   Published by: teswesm
MCQs:  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:
Category: MBA Questions,   Published by: teswesm
MCQs:  Profit for the objective of calculating a ratio may be taken as
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following are limitations of ratio analysis? A) Ratio analysis may result in false results if variations in price levels are not considered. B) Ratio analysis ignores qualitative factors. C) Ratio Analysis ignores quantitative factors. D) Ratio Analysis is historical analysis.
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following falls under Profitability ratios? A) General Profitability ratios B) Overall Profitability ratios C) Comprehensive Profitability ratios
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following transactions will result in inflow of funds? A) Issue of debentures B) Conversion of debentures into equity shares C) Redemption of long term loan D) Creation of General Reserve
Category: MBA Questions,   Published by: teswesm
MCQs:  During the year, a business was bought by issue of Rs 25,000 debentures and Rs 25,000 shares. The business bought had machine worth Rs 20,000, Debtors Rs 15,000, Stock Rs 5,000 and Creditors Rs 5,000. Determine the effect of this transaction on flow of funds.
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following statements are true? A) Cash flow reveals only the inflow of cash. B) Cash flow reveals only the outflow of cash. C) Cash flow is a substitute for income statement. D) Cash flow statement is not a replacement of funds flow statement.
Category: MBA Questions,   Published by: teswesm
MCQs:  Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______.
Category: MBA Questions,   Published by: teswesm
MCQs:  Statement of changes in working capital is prepared separately in
Category: MBA Questions,   Published by: teswesm
MCQs:  Absorption costing is used for
Category: MBA Questions,   Published by: teswesm
MCQs:  Absorption costs help in
Category: MBA Questions,   Published by: teswesm