B. Com. Sem.- 5 Management Accounting – I ( MCQs )

Objective of Management Accounting is :

• To prepare financial accounts only

• To help management by using total accounting data

• To prepare accounts of cost only

• To prepare and present financial reports before shareholders

While calculating liquid ratio, which assets will be excluded from current assets?

• Bank overdraft

• Stock in trade

• Debtors

• Bills receivable

To whom, Ratio analysis is most useful?

• Government

• Shareholders

• Creditors

• All of the these

To find the expenses ratio, expenses are generally divided by ?

• Capital employed

• Sales

• Profit

• Assets

Management Accountancy is most profitable to :

• Shareholders

• Managers

• Investors

• None of the above

Which assets cannot be included in current assets while calculating the current ratio?

• Trade Investment

• Stock in Trade

The method where predetermined standard of cost are set in advance and actual performance is compared with it is called :

• Marginal costing

• Standard costing

• Historical costing

• Contract costing

______ is not used in Management Accountancy

• Marginal costing

• Unit costing

• Budgetary control

• Standard costing

Which of the following methods is used to analysis of Financial Statement ?

• Trend percentage

• Comparative statement

• Ratio analysis

• All of the above

Which of the following cost is not relevant to flexible Budget?

• Fixed cost

• Differential Cost

• Variable Cost

• Total Cost