
Account Test
Authored by AJAY SIDANA
Professional Development
Professional Development
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45 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting provides information on
Cost and income for managers
Company and tax liability for the particular year
Financial condition of an institution
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The long term assets
that have no physical existence but are rights that have value is known as
Current assets
Fixed assets
Intangible assets
Investments
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The debts which are to be repaid
within a short period (year or less) are known as
Current liabilities
Fixed liabilities
Contingent liabilities
All of the above
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The following is a statement showing the financial status of the company at any given time
Trading account
Profit & Loss statement
Balance Sheet
Cash Book
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is cost management?
Process to create more value for customer with few resource
Tool to control the budget and expenses of a business.
Process of planning and controlling the budget and expenses
Process to plan the operating and expanding expenditure.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is/are the importance(s) of cost management?
To improve overall business profitability.
To explore opportunity through cost optimization.
To analyze and improve internal and external cost driver.
I think all answers are correct.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In activity based costing, a cost driver is:
an overhead cost
a direct product cost
a resource consuming activity that causes overheads
a variable cost
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