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Managerial Accounting

Authored by lalit shah

Business

University

Used 10+ times

Managerial Accounting
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of recording financial data upto trial balance is

Book keeping

Classifying

Summarising

Analyzing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed assets are held by business for _____

Converting into cash

Generating revenue

Resale

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is incorrect?

Good will intangible asset

Sundry debtors - current asset

Loose tools tangible fixed asset

Outstanding expenses -current asset.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business enterprise is separate from its owner according to _____ concept.

Money measurement concept

Matching concept

Entity concept

Dual aspect

concept

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the Market value of closing Inventory is less than its cost price, inventory will

he shown at ____

Marketable value

Fair Market value

Both

none

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main Purpose of Financial Accounting is?

  1. To Provide financial information to shareholders

  1. To maintain balance sheet

  1. To minimize taxes.

  1. To keep track of liabilities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The kind of debts which are needed to be repaid in a short term is known as?

  1. Fixed Liabilities

  1. Current Liabilities

  1. Depreciating Assets

  1. Intangible Assets

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